The ITF, as every other significant sports federation and organisation, has an independent Audit, Risk, and Compliance Committee (ARCC) for the financial oversight of the ITF Board of Directors, in particlar the Treasurer, the ITF Secretary General’s office, and all other financial expenses.
The ARCC performed this year’s financial audit in a three-day, in-person meeting from August 26 to 28 at the Secretary General’s office in Lublin, Poland.
The rich experience including expertise as professional auditors of the ARCC represented by Grand Master Frank Vanberghen (chair, Belgium), Grand Master Ray Nicolaisen (member, Norway), and Dr. Jeff Brider (member, England) ensured an independent audit of the financial accounting, all financial statements, as well as external audit reports. In this capacity, it is one of the most important committees in the ITF – its status and tasks are explicitely defined in the ITF statutes.
The meeting in Poland was facilitated by Grand Master Tadeusz Loboda (Secretary General), Malgorzata Rogaczewska, and Ewelina Strawa. The full report of the audit 2024 will be presented at the ITF Congress on October 27 in Mar del Plata, Argentina.
179th IIC Jamaica – report
