[citation needed] Originally the word referred to the person in charge of the treasure of a noble; however, it has now moved into wider use.
[citation needed] This title is similarly used by other legal associations sharing a British heritage, such as the Law Society of Upper Canada.
[citation needed] The treasurer would also be part of the group which would oversee how the money is spent, either directly dictating expenditure or authorizing it as required.
They also report to the board meetings or the general membership the financial status of the organization to ensure checks and balances.
[1] Accurate records and supporting documentation must be kept to a reasonable level of detail that provides a clear audit trail for all transactions.