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Ag News
Problems found with NCBA audit
A routine compliance review of the National Cattlemen’s Beef Association has revealed some weaknesses in the way NCBA expenses are charged as beef checkoff activities. The audit, covering January 2008 through February 2010 indicates a pattern of insufficient documentation and noncompliance. The review covered the Beef Promotion Operating Committee in the areas of beef promotion, research, consumer information and industry information; and compliance of checkoff expenditures of the Federation of State Beef Councils Division of NCBA.The report notes that - maintaining complete and accurate documentation of expenses which supports the eligibility for checkoff reimbursement is the responsibility of NCBA and failure to do so is considered to be noncompliance. The report concludes - the nature of several of the exceptions and undetermined items reported clearly indicates that NCBA breached the financial firewall during the periods tested and that NCBA did not maintain sufficient documentation in many instances to adequately support the separation of expenditures between the policy side of NCBA and the checkoff side of NCBA.
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- © 2008 Rural Radio Network. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.