[Owasp-board] FW: Audit of OWASP

Jeff Williams jeff.williams at owasp.org
Thu Jun 7 11:50:58 UTC 2007

I really hate to waste OWASP's precious funds, but I think Dinis is right -
this will probably pay for itself many times over.





From: owasp-board-bounces at lists.owasp.org
[mailto:owasp-board-bounces at lists.owasp.org] On Behalf Of Dinis Cruz
Sent: Thursday, June 07, 2007 5:36 AM
To: OWASP Board
Subject: Re: [Owasp-board] FW: Audit of OWASP


I think we should go for the 5k option. In things like finance we need to be
as transparent and clear as possible. And since the simple review is 3,500
we might as well go a bit further and do the 5,000.

I do think that this is money very well spent, and something that our
existing and potential members will really appreciate. 

And once this is completed, I would like to issue a Press Release about it
since we are starting to be a very good success story. And the more
visibility we have in issues like this, the easier will be for certain
companies to become OWASP members. 


On 6/7/07, Dave Wichers <dave.wichers at owasp.org> wrote:



I haven't looked at the 990 yet as we just got it, but what do you think
about doing this instead of spending $5K-$10K on some kind of formal audit.
I'd really rather spend that $ on something else.


This company is the company that has been doing the OWASP Tax Returns for
the past two years.




From: Andi McDowell 
Sent: Wednesday, June 06, 2007 11:44 AM
To: Dave Wichers; Jeff Williams
Subject: Audit of OWASP


I talked with Carol Malstrom at TR Klien (They prepare the OWASP 990).  Her
original thought was that we could post the 990 (which is what OWASP files
for taxes) on the OWASP site.  For a full audit of 2006, the cost would be
around $5,000.  For an audit back to when OWASP started with us, it would
run about $10k.  She felt an audit of 2006 should be sufficient as they
would review all of the beginning balances for the year.   Her feeling was
that if no one is forcing an audit, it seems an unnecessary expense.

The final option would be to do a simple review, which would cost $3500 for
2006, $6k for 2005 and 2006.  They simply send a letter saying "we've
reviewed the books and everything appears to be in order".  

Let me know what you would prefer doing.





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