>The GSO works closely with all other university entities and is represented on various university-wide committees, as described in other sections.
EXTERNAL AUDITORS
Legally, and as per the constitution, the GSO has the obligation to retain the services of outside auditors. The external auditors work with the GSO Executive Board and its bookkeeper (the University Foundation) to examine the accuracy of GSO books. The auditors express in a professional report an independent opinion as to whether the GSO financial statements are free of material misstatement and fairly reflect the financial position and the results of operations and cash flows of the GSO in conformity with generally accepted accounting principles. The auditors also handle the GSO’s tax returns. Future GSO Executive Boards can look for other auditors and the Senate can occasionally request graduate students to work with the Treasury Overseeing Committee and conduct separate internal audits. For the last few years, the GSO has been working with Johnson, Lauder & Savidge, LLP as its external audit firm.
INSURANCE AGENT
Currently, the GSO has retained Mr. Terrance Davies of Ernstrom & Heichemer as its broker (or agent) to handle the GSO’s insurance matters. The GSO has purchased two kinds of insurance: one covering the GSO as a whole, and a second covering the GSO employees. The GSO President is responsible for making sure that all insurance contracts are up-to-date and that the GSO is in compliance with state labor laws.
The GSO insurance covers the following: property and equipment; commercial general liability; umbrella liability; hired-autos and non-owned automobile liability; and employee dishonesty. The GSO employee insurance covers disability and workers’ compensation benefits.
LAWYERS
The GSO keeps on file contact information for lawyers whose services may be requested in case the Organization is faced with legal problems. Currently, the law firm on file is that of Aswad& Ingraham
