I have seen some discussion on this but I have not seen a consensus call by Harald. In fact I think Harald said that most of the issues on finances and reserves still need more discussion. SO I have not made a change yet. I know we DO want something about GAAP in the document, that seems pretty clear. Bert > -----Original Message----- > From: ietf-bounces@xxxxxxxx [mailto:ietf-bounces@xxxxxxxx]On Behalf Of > Bernard Aboba > Sent: Thursday, December 09, 2004 16:59 > To: ietf@xxxxxxxx > Subject: BCP-02: Financial statements and Audits > > > Section 5.1 > > "For bookkeeping purposes, funds managed by IASA should be > accounted for > in a separate set of accounts which can be rolled-up > periodically to the > equivalent of a balance sheet and a profit and loss statement for IASA > alone after taking into account the effect of common items paid for or > received by ISOC as a whole." > > I think we want to specify what financial statements are > produced in more > detail, and how an audit may be triggered. > > Suggest this be changed to: > > "For accounting purposes, funds managed by IASA should be > accounted for in > a separate set of accounts, in order to allow the general of separate > financial statements for IASA, after taking into account the > allocation of > common items paid for or received by ISOC. The allocation of > these common > items shall be agreed upon between the ISOC and the IAOC as > part of the > budget process. > > Financial statements to be produced for IASA include (but are > not limited > to) an Income (Profit/Loss) Statement, Balance Sheet and > Statement of Cash > Flows, in accordance with Generally Accepted Accounting > Pinciples (GAAP). > Should the IAOC not be satisified with these financial statements, the > IAOC shall have the right to request that the ISOC conduct an audit." > > > _______________________________________________ > Ietf mailing list > Ietf@xxxxxxxx > https://www1.ietf.org/mailman/listinfo/ietf > _______________________________________________ Ietf@xxxxxxxx https://www1.ietf.org/mailman/listinfo/ietf