Independent Accountants Assoc of MI

“The organization is organized under the laws of the state of michigan on a membership basis”

“The bylaws of the association provide for the existence of local or regional chapters. At the present time there are no chapters that are active. The purpose of the chapters is to provide for the networking of members and occassionally to present programs of local interest. The association has a written chapter management policy that is reviewed by the board.”

“Each member of the executive committee is provided with a copy of the year end financial statements and a draft of the form 990. They are given the opportunity to review the return, to ask questions, and make observations on the return. Two members of the board, the president and the treasurer review the return for accuracy and completeness using a preparation checklist. The return is filed only after this review has taken place.”

“The association has a written conflict of interest policy that was taken from the form 1023 - - application for recognition of exemption. The policy covers all members of the board. The policy is reviewed each year at the first meeting of the board following the annual meeting and election of officers. All members of the governing body under a positive obligation to disclose if any conflicts exist and are required to sign a document that they have read, understand and will comply with the provisions of the policy. The board determines, after a member discloses a possible conflict of interest, whether the conflict actually exists and, if it does, then the director is prohibited from participating in the board's deliberations and decisions concerning the transaction.”

“Those who request the return may inspect it at the association office.”

“Michigan tax & accounting prof.”

“The mission of this corporation is to protect the rights of its members; to provide services and educational opportunities for members; to improve and enhance member skills; and uphold the integrity of the accounting and tax preparation profession.”

“Education is the primary and largest activity engaged in by the corporaiton. Multiple seminars are offered throughout the year to provide continuing professional education opportunities to members who are accredited business accountants, enrolled agents, certified public accountants and financial planners. All seminars are virtual.”

“Change in realized gains from prior year purchases -997”