Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
   
   
   
   
   
   

Agricultural News


National Cattlemen's Beef Association Offers Response to CBB Audit

Tue, 27 Jul 2010 21:54:10 CDT

National Cattlemen's Beef Association Offers Response to CBB Audit The National Cattlemen's Beef Association has responded to the Compliance Report that was produced at the request of the Cattlemen's Beef Board by the accounting firm Clifton Gunderson that looked at how the NCBA handled beef checkoff funds in 2008, 2009 and a part of 2010. The statement is attributed to Steve Fogelsong, current President of the NCBA and a cattle producer from the state of Illinois.


Click here for our earlier story that includes audio from a CBB Board Member and links to the actual full report.

The following is the statement:




"On Monday evening, July 26, we received the independent accountant's final report. We are committed to achieving accuracy in this report. Responsible use of the producer dollars and ensuring the financial firewall are critical. Where mistakes were made, we will correct them.   


"A compliance review has been conducted every year of NCBA's 14-year existence. There has been a transparent as well as full reconciliation of expenses when warranted. Every time there is a review, there are lessons, and we consider those an opportunity to fine-tune our processes going forward.
"We agree with CBB's accounting firm, Clifton Gunderson LLP, and with CBB that written and specific guidelines are needed for all checkoff contractors. The accountant's inability to determine compliance on select items does not mean non-compliance. Rather, it is an indication that written guidelines are needed to achieve compliance.


"NCBA understands the importance of compliance with the financial firewall and accepts this responsibility without question. It's for this reason we keep separate bank accounts and our accounting and time keeping procedures are in accordance with and even exceed most industries' standards. We have more than 8,000 different coding options for accurately assigning time and expenses. We strive for accuracy and will continue to seek clarity on guidelines to ensure compliance.
"When the National Cattlemen's Association merged with the National Live Stock and Meat Board, NCBA became more than a policy organization. NCBA became the home for the Federation of State Beef Councils, and as such, the No. 1 champion for the beef checkoff. Our employees log more than 200,000 hours annually building and protecting beef demand. Every hour is focused on delivering results that matter with a strong focus on being accountable to producers.


"Our commitment is to address the compliance review through a very factual and transparent process with our Federation partners, CBB and the U.S. Department of Agriculture, which share accountability to producers who pay the checkoff. A complete response to the accountant's report will be addressed with CBB, participants from state beef councils and state cattlemen associations and NCBA directors at this week's Cattle Industry Summer Conference."



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Collaboration Will Propel Advancements  Thu, 06 Oct 2022 11:25:27 CDT
  • NCBA Urges EPA to Press Pause on New WOTUS Rulemaking  Thu, 06 Oct 2022 10:32:07 CDT
  • Beef Industry Scholarship Applications Are Now Available for Undergraduate Students  Thu, 06 Oct 2022 10:05:07 CDT
  • Oklahoma Drought Levels Rise in All Categories This Week, But Chance of Rain In Forecast   Thu, 06 Oct 2022 09:43:41 CDT
  • Market Update with Paul Dykstra-Texas Grade Tumbles   Thu, 06 Oct 2022 09:21:23 CDT
  • Best Chance for Rain Shows up in Western Oklahoma and Panhandle Over the Next Week   Thu, 06 Oct 2022 09:03:52 CDT
  • Triangle H Named CAB Feedyard Commitment to Excellence Honoree   Thu, 06 Oct 2022 08:46:38 CDT
  • Top Winners of the 2022 Tulsa State Fair Market Animal Show Awarded Over $400,000   Thu, 06 Oct 2022 08:43:20 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       

       

    Search OklahomaFarmReport.com

    © 2008-2022 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.