Psi Pi Omega Alpha Kappa Alpha Sorority, Incorporated

Re: Notice of Review – Year 2022 – Tamiouchos

As the internal audit committee for the Psi Pi Omega Chapter of Alpha Kappa Alpha Sorority, Incorporated, we are informing you we have performed a review for the chapter internal financial audit in accordance with the “Fiscal Fitness: Guide to Chapter Financial Procedures” revised by the Sorority

Below is our final response to the audit. The procedures for the audit was designed to determine with reasonable, but not absolute, assurance:

1. Whether the Chapter has received and used funds in accordance with designated purpose of the funds.

Response: Compliant

2. Whether the Chapter is maintaining effective accounting control over assets, liabilities, receipts, and expenditures

Response: Compliant

3. Whether the records, books and records of the Chapter adequately record its financial and fiscal activities and provide a basis for review of accountability

Response: Compliant

4. Whether tests of the Chapter’s fiscal operations reveal evidence of reportable conditions, fraud or defalcation or other weaknesses

Response: Compliant

5. Whether the Chapter has complied with laws, rules and regulations

Response: Compliant

Recommendations:

• Ensure all checks that are shown on statement and report are in the folder for that month o Perform a self-audit and make sure all items for the month are in the required folder

Thank you for your support with this audit. This information will be provided to the chapter and documents provided to the external auditor to meet the audit deadlines.

Mahogany B. Newell Audit Committee Chair