Policies and Procedures
Treasurer-elect, Responsibilities of
The treasurer elect will become familiar with all financial reporting of all entities of the Society.
The treasurer-elect will:
• Serve on the Board of Directors;
• Serve on the Executive Board;
• Serve on the Finance Committee;
• Serve on the Compensation Committee;
• Serve on the Audit Committee (non-voting; ex-officio);
• Serve on the CPE Advisory Board;
• Serve on the Strategic Planning Committee;
• Serve as Trustee for the TSCPA Insurance Trust; and
• Submit a proposed annual budget to the incoming Board of Directors for approval during the Annual Meeting of Members.
The treasurer elect will present the budget to the Finance Committee for its recommendations prior to presentation to the incoming Executive Board for final revisions and approval.
The budget then will be presented to the Board of Directors for approval during the Annual Meeting.
(EB:8/09/02)
Treasurer-elect Nominee, Responsibilities of
The treasurer-elect nominee serves on the Compensation Committee and the Finance Committee. (EB:6/19/98)
TSCPA CPA-PAC Political Activity Policy
The CPA-PAC is by its nature involved in political activity, including making political contributions to candidates for legislative and statewide offices. Certain laws administered by the Texas Ethics Commission prohibit corporations, including non-profit corporations and professional associations, from engaging directly in such political activity, but do allow such organizations to organize and administer a political action committee. Under these laws, TSCPA is permitted to pay for the costs to organize, administer and raise funds for the PAC. TSCPA is not permitted to pay for political contributions or other costs related to support of a particular candidate nor meetings or events that result in contributions of other benefits to specific candidates.
It is the policy of CPA-PAC to pay for all political contributions or other costs related to support of a particular candidate from PAC funds. TSCPA or TSCPA chapter funds may be used to pay for all administrative costs related to CPA-PAC, including meeting costs and preparing and delivering committee contributions. TSCPA employees may participate in CPA-PAC meetings and delivering committee contributions. (EB: 8/24/12)(EB: 8/23/08)
Whistleblower Policy
The purpose of this policy is to provide a procedure for TSCPA officers, directors, volunteers and members to report good-faith concerns about alleged accounting and financial improprieties and/or misuse of TSCPA assets.
Notification Procedures
If an officer, director or member has a good-faith concern, he or she should submit the concern to the TSCPA’s Treasurer, who serves as the Compliance Officer for investigating and resolving all reported concerns. A concern may be submitted anonymously. It is preferred that a concern is submitted in writing, but an oral report to the Treasurer is acceptable.
A concern should describe specifically the nature of the concern and should include documentary evidence, if available.
A concern shall be considered “good-faith” if the report is made without malice or consideration of personal benefit and the member has a reasonable basis to believe the report is true. A report does not have to be proven true to be made in good faith. Good faith will be considered to be lacking when the report is known by the reporting member to be malicious or false.
Investigation Procedures
The Treasurer, serving as Compliance Officer, shall be responsible for investigating concerns and shall be responsible for ensuring appropriate actions are taken. Depending on the nature of the concern, the Treasurer may consult with the TSCPA Audit Committee, TSCPA Executive Board, TSCPA management, as well as outside consultants, investigators, fraud examiners or legal counsel.
Confidentiality
When a concern is reported, the information shall be considered confidential to the extent that confidentiality does not hinder the investigation. TSCPA cannot guarantee confidentiality of the concern. Disclosure of the concern and the person filing the concern will be made to the appropriate parties on a need-to-know basis. If an officer, director or member is being investigated as a result of a concern that has been filed, he or she may be given the circumstances of the concern. Such disclosure may allow the officer, director or member to deduce who filed the concern. In addition, identification of the person filing the concern may be necessary to perform the investigation, to allow law enforcement to perform an investigation, or if the person accused of impropriety is entitled to the information as a matter of legal right in disciplinary proceedings.
Protection of Whistleblower
If an officer, director or member reports a good-faith concern, without malice or information that is known to be false, the officer, director or member shall not suffer retaliation for his or her disclosure.
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