The selection of an auditor depends on the IEEE financial responsibility and income of the conference.
|IEEE Financial Responsibility||Actual or Budgeted Income or Expense||Audit Type|
|Greater than 50%||Greater than US$250,000||The conference must schedule an audit by a qualified independent auditor or by IEEE Internal Audit.|
|Greater than 50%||Less than US$250,000||IEEE Internal Audit may schedule an audit. If not selected for an audit, the conference should arrange for an audit by an independent auditor or internal committee.|
|Less than 50%||Less than US$250,000||IEEE recommends that the conference schedule an audit by IEEE Internal Audit, an independent auditor, or an internal committee.|
1. If IEEE is performing the audit:
2. If an independent auditor is performing the audit:
3. If an internal committee is performing the audit:
When planning your conference budget, be sure to include an estimate for audit fees. The estimated budget fees for an audit by IEEE are:
|Total Budgeted Revenue or Expense Fee (Before Loans)||Audit Fee||Audit Scope|
|US$0–$99,999||None||A representative sampling of 10% of the conference financial data|
|US$100,000 & up||0.6% of budgeted revenue or expense, up to US$6,000||100% of the conference financial data|
IEEE is ready to help. If you have any questions about conference audits, please refer to the IEEE Internal Audit website.
Do you have other questions about organizing a conference? Please see IEEE Conference Organizer Contacts.
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