- Category: Display Modules
- Published: Saturday, 01 January 2011 00:00
- Written by Joomla
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New York—In 2020, the Board of Directors (“Board”) of Open Source Matters, Inc. (“OSM”) became aware of certain irregularities regarding financial accounts, including those involving OSM’s past President, Rowan Hoskyns Abrahall (“Rowan”).
In the intervening time since then, the Board has conducted an exhaustive investigation and undertaken a thorough forensic review of its accounts. Ultimately the Board has determined that US $37,149 in expenses fall outside OSM’s written financial policy.
Accordingly, this figure is being reported today on OSM’s 2019-2020 tax filings as a specific line item under “Other Expenses.”
To prevent a recurrence of paying expenses deemed to fall outside OSM’s financial policy in future, the Board has taken action to modify its accounting practices and strengthen its internal control policies.