1. COMPLIANCE AND RISK MANAGEMENT
    2. Audits


    420

    Page 1 of 1


     

     





    COMPLIANCE AND RISK MANAGEMENT

     

     





    Audits

     

    If the Trust self-insures any Trust benefits, the Trust is subject to audit by the Washington State auditor, and it is the policy of the Trustees to assist as necessary with the audit. In such event, the Trust has decided to assume a risk of loss and will have available for inspection by the state auditor a written report indicating the class of risk or risks the Trustees have decided to assume.
     


    The Trust is audited annually by an independent auditor for purposes of compliance with the Internal Revenue Code.
     
     
    Cross Reference: Trust Procedure 200.1P  Financial Management
     
    Legal References: RCW 48.62.031 (3 & 5)  Authority to self-insure—Options—Risk manager
    Internal Revenue Code 501 (c)(9)
     
     
    Adopted:
    August 29, 2005
    Revised:
    January 24, 2011
    Revised:
    October 16, 2013

    Back to top