British Accounting Association   Auditing
Special Interest Group

 

 
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Finance, Accounting

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BAA Auditing Special

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Constitution of ASIG  

 

 Auditing SIG Constitution (revised January 2008)

Name: British Accounting Association - Auditing Special Interest Group (Auditing SIG or ASIG)

Purposes: The main purposes of the Auditing SIG are to further the objects of the British Accounting Association and for that purpose to: encourage research and scholarship in Auditing; establish a network of researchers and teachers in Auditing; enhance the teaching of Auditing; enhance the research of Auditing; provide support for PhD students in Auditing; develop close links with the accounting profession so as to inform policy; publish a newsletter and organise targeted workshops; develop and maintain relationships with the British Accounting Association and the Professional Accountancy Institutes.

Management Structure: The activities of the Auditing SIG shall be the responsibility of an Executive Board consisting of: a chairperson; a secretary; a treasurer; the Chairperson of the British Accounting Association (ex-officio); the General Secretary of the British Accounting Association (ex-officio); other members can be elected where necessary. The role of secretary and the role of treasurer can be combined and held by one person (who is not also the chairperson) where this is considered by the membership of the Auditing SIG to be desirable.

The Executive board shall have the power to delegate as it sees fit. The members of the Executive Board (with the exception of ex-officio members) shall be elected by the Auditing SIG at its annual general meeting.

In addition, the Executive Board may co-opt up to two members.

All members of the Executive Board, including co-opted members but excluding ex-officio members, shall serve for three years from 1 January following the annual general meeting at which they are elected to 31 December but may be re-elected or re-co-opted.

All members of the Executive Board shall be eligible to vote at meetings. Decisions of the Executive board shall be by simple majority of those attending or in the event of a tie, the Chairperson shall have the casting vote.

Meetings of the Executive Board shall be held not less than once per annum.

Reasonable expenses of the Executive Board members in attending meetings can be met from the Auditing SIG funds where available.

Annual financial accounts of the Auditing SIG, covering the financial year 1 January to 31 December, independently examined according to the requirements of the Independent Examiner of the British Accounting Associationís Annual Accounts and approved by the Auditing SIG Executive Board, shall be delivered to the Treasurer of the British Accounting Association by 31 January next following the end of the financial year. These annual financial accounts should comprise a balance sheet in cases where the Auditing SIG has any assets and/or liabilities, and in all cases an income statement covering all of the income and expenditure of the Auditing SIG (including conference-related gross income and expenditure) during the year.

The Auditing SIG shall hold an Annual General Meeting at which the annual financial accounts shall be presented for noting by members of the Auditing SIG.

Resolutions put to the Annual General Meeting and other meetings will require a proposer and seconder and can be passed by a simple majority of those attending. Such resolutions shall be binding on the Executive Board, who otherwise have the power to conduct the affairs of the Auditing SIG in line with its aims and objectives. However, the Auditing SIG is not empowered to enter into any form of contract that binds the British Accounting Association, or that may result in the incurring of liabilities by or for the British Accounting Association, without the written approval of the Trustees of the British Accounting Association. Such written approval should be sought via the General Secretary of the British Accounting Association.

The Auditing SIG has the power to raise money through sponsorship or other means in pursuit of its objectives.

Membership of the Auditing SIG will be open only to members of the British Accounting Association. All members of the British Accounting Association are eligible for Auditing SIG membership.

The proceedings of the Executive Board and of the Annual General Meeting shall be reported to the Executive Committee of the British Accounting Association at the earliest available opportunity.

Amendments to this constitution may be made by a simple majority of members voting in the Annual General Meeting but are then subject to the approval of the Executive Committee of the British Accounting Association.