[Owasp-board] 2012 Taxes and Audit

Eoin Keary eoin.keary at owasp.org
Thu Sep 12 08:32:12 UTC 2013


Happy to take advice from experts. Lets postpone.


Eoin Keary
Owasp Global Board
+353 87 977 2988


On 11 Sep 2013, at 00:53, Sarah Baso <sarah.baso at owasp.org> wrote:

> Board Members -
> 
> I have a couple of updates on our 2012 taxes and proposed audit for this year....
> 
> First, Alison worked with our accountants earlier this year and filed an extension for our 2012 taxes (as we have done in the past).  The 2012 taxes are now due November 15th and Alison is currently finalizing one open invoice from last year and then will get things over to the accountants to put the taxes together.  I anticipate that we will have everything to review in the next 2-3 weeks.  I will review them and you will each have a chance to review as well before we file them.
> 
> Additionally, although the next scheduled audit year for us was 2013 (we have typically done them every 3 years), at the Board Meeting in Germany we discussed and decided to have an audit done for 2012 due to the addition of the European entity and changing tax laws.  Alison spoke with our accountants about this and the earliest they could schedule us for the Audit is early November.  Also, the price will be going up significantly since last time (close to $10,000 instead of $5,000 due to growth of our org and finances and number of details to be reviewed since we now have a European entity, in addition to the Accountant's fees generally going up).
> 
> Althought the accountants were hesitant to officially "green light" all of our practices, they did spend a full day with Alison recently going through all of her practices and answering questions she had about trickier issues such as tracking events that have transactions over multiple years, transferring money between our US and EU entities, and tracking chapter and project funds.  The accountants seemed to think it would be better for us to just wait until next year for our audit since 2013 will be almost over... we could even try and do it towards the beginning of next year.
> 
> With these updates in mind, what are your thoughts in postponing the audit to be a review of 2013 as was originally scheduled?  Or do you still want to go ahead with the 2012 review in November?
> 
> Thanks,
> Sarah Baso
> 
> -- 
> Executive Director
> OWASP Foundation
> 
> sarah.baso at owasp.org
> +1.312.869.2779
> 
> 
> 
> 
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