He forwarded the report to a couple of trusted sources familiar with IABC’s finances. They pegged the numbers on a scale from “grim” to “shocking.”
He asked one source—Julie Freeman—who took the association over in the immediate wake of its last financial crisis, in 2001 and ran it until her retirement in 2011—for her analysis. Here is her response:
When IABC members travel to the World Conference or open up the latest edition of Communication World, it is usually not because they are eager to review the annual audit report.