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EXTERNAL AUDITORS
Legally, and as per the constitution, the GSO has the obligation to retain
the services of outside
auditors. The external auditors work with the GSO Executive Board and
its bookkeeper (the
University Foundation) to examine the accuracy of GSO books. The auditors
express in a
professional report an independent opinion as to whether the GSO financial
statements are free of
material misstatement and fairly reflect the financial position and the
results of operations and
cash flows of the GSO in conformity with generally accepted accounting
principles. The auditors
also handle the GSO's tax returns. Future GSO Executive Boards can look
for other auditors and
the Senate can occasionally request graduate students to work with the
Treasury Overseeing
Committee and conduct separate internal audits. For the last few years,
the GSO has been working
with Johnson, Lauder & Savidge, LLP as its external audit firm.
INSURANCE AGENT
Currently, the GSO has retained Mr. Terrance Davies of Ernstrom & Heichemer
as its broker (or
agent) to handle the GSO's insurance matters. The GSO has purchased two
kinds of insurance: one
covering the GSO as a whole, and a second covering the GSO employees.
The GSO President is
responsible for making sure that all insurance contracts are up-to-date
and that the GSO is in
compliance with state labor laws.
The GSO insurance covers the following: property and equipment; commercial
general liability;
umbrella liability; hired-autos and non-owned automobile liability; and
employee dishonesty. The
GSO employee insurance covers disability and workers' compensation benefits.
LAWYERS
The GSO keeps on file contact information for lawyers whose services
may be requested in case the
Organization is faced with legal problems. Currently, the law firm on
file is that of Aswad& Ingraham
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