Auditing Section Financial Report

American Accounting Association—Auditing Section
Statement of Cash Receipts, Disbursements, and Cash Balance
for Years Ended August 31, 2001 and 2000 (Note 1)

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Notes:

1. The Statement of Cash Receipts, Disbursements, and Cash Balance was compiled from monthly financial reports received from the American Accounting Association national office.
2. As of October 26, 2001, there were 1,173 U.S. members and 431 foreign members; 1,487 were full members and 117 were associate members. As of August 31, 2000, there were 1,177 U.S. members and 417 foreign members; 1,469 were full members and 125 were associate members.
3. The royalty payments are received without definite certainty and are thus volatile from year to year.
4. FY 2001 receipts represent the following reimbursements to the Section: $15,754.37 from the University of Waterloo for costs associated with the 1999 Supplement of AJPT, $29,045.20 from KPMG to cover a portion of the 2001 Midyear Meeting deficit ($21,284.23) and the cost of the 2001 Doctoral Consortium ($7,760.97), and $10,747.36 from the University of Southern California, Universiteit Maastricht, Nanyang Technological University, and the University of New South Wales for costs associated with the 2000 Supplement of AJPT. FY 2000 receipts represent a reimbursement to the Section from KPMG to cover the 2000 Midyear Meeting deficit of $10,309.41 and the 2000 Doctoral Consortium cost of $6,010.08.
5. Reflects the new allocation of interest income from the AAA headquarters to the Section, effective 1999.
6. This item includes AJPT costs related to printing, mailing, and AAA staff support (primarily typesetting). FY 2001 disbursements relate to the following issues of AJPT: Supplement 1999 (printing and mailing only), Fall 2000, March 2001, Supplement 2000, and September 2001. It is unusual to have disbursements related to five issues occurring in a fiscal year (two or three issues is typical). FY 2000 disbursements relate to the following issues of AJPT: Fall 1999, Spring 2000, and Supplement 1999 (AAA staff support only). Costs per issue (after controlling for the number of pages in an issue) are increasing over time.
7. Expenses in both years reflect costs associated with printing and distributing three issues of The Auditor’s Report
8. FY 2001 disbursements primarily reflect excess of Section luncheon costs over lunch ticket sales. FY 2000 also includes luncheon speaker’s fee.

1. The Statement of Cash Receipts, Disbursements, and Cash Balance was compiled from monthly financial reports received from the American Accounting Association national office.
2. As of November 30, 2001 (2000) there were 1,491 (1,509) full members and 119 (131) associate members; 1,177 (1,204) were U.S. members and 433 (436) were foreign members.
3. FY 2001 receipt reflects reimbursement from the University of Waterloo for the 1999 Supplement of AJPT.
4. The difference from prior year is attributable to more Midyear 2002 registration fees collected prior to November 30 this year relative to prior year via online registration.
5. FY 2002 disbursements reflect AJPT postage only. FY 2001 disbursements reflect the printing, distribution, and mailing costs ($10,682.37) for the 1999 Supplement of AJPT. Note that the AAA Staff charges ($5,075.00) for that issue were allocated to the Section in August 2000. The Section received reimbursement for these costs—see Note 3.
6. FY 2002 disbursements reflect AAA Staff Support (typesetting) only as The Auditor’s Report is now online only. FY 2001 disbursements reflect mailing costs for the Fall 2000 issue of The Auditor’s Report.

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