FINANCE

OVERVIEW

Funds received by investigators to conduct research and educational activities are managed by the ERI’s Administrative Office.  This includes issuing checks for ERI purchases, travel and payroll.   Financial reports are issued by the ERI Accountant monthly and include a complete project update as well as a breakdown of deposits and expenses for the month. The ERI’s Finance Committee is comprised of the ERI Officers and chaired by the ERI Treasurer.  The Finance Committee is responsible for fiduciary oversight of the ERI administrative and project funds.  The ERI Accountant is responsible for staffing the committee and preparing the appropriate reports.

ERI ANNUAL AUDIT

Annually after the close of the fiscal year, the ERI undergoes a financial audit conducted by the firm Kaplan Lim and Ceniza.  This audit is conducted in accordance with auditing standards generally accepted in the United States of America, and the standards applicable to financial audits in Government Auditing Standards, issued by the U.S. Comptroller General and as required by U.S. Office of Management and Budget Circular A-133.  Following is a link to the ERI’s most current OMB Circular A-133 audit.