How does the compliance audit begin?
Audits begin with an opening interview of, at a minimum, the primary financial officer. If a union employs a bookkeeper, accountant, or other employee who plays a primary role in the keeping of union financial records, the OLMS investigator may request this person be present as well. Union presidents also frequently attend audit opening interviews. During the interview, the investigator will obtain detailed information about the union and its financial records, bookkeeping practices, and internal controls.
