A financial report from the treasurer is for information only and will later be checked by an auditing committee, but no action is required by the chapter. This statement is:

• A. True
• B. False
• C. Often true but may require action
• D. Not specified

Answer: (A)

The key idea is information-only reporting with oversight. When the treasurer’s financial report is meant to inform the chapter and is scheduled to be checked by the auditing committee later, with no action required by the chapter, it remains an information item rather than a decision item. The auditing committee’s role is to verify accuracy and compliance, not to mandate immediate actions by the chapter. If action were needed, the report would trigger a motion or vote. So this description fits an information-only report, making the statement true.