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About Not-for-Profit Audit Committee Best Practices
How can not-for-profit organizations be sure they play by the rules when the rules aren't clear?Due to recent, very public accounting scandals and the resulting Sarbanes-Oxley Act and other regulations, public companies have strict guidance on financial governance and accounting, including the functions and responsibilities of audit committee members. Though not-for-profit organizations are subject to increased scrutiny, there has been no detailed guidance for their audit committees. This book fills the void and helps not-for-profit organizations answer these questions:* In today's skeptical environment, how can responsible financial governance and reporting reassure wary donors and supporters, and perhaps give the organization a competitive advantage?* How should the audit committee be structured?* Which Sarbanes-Oxley requirements (if any) should the audit committee adopt?* Which best practices best fit the organization's structure and financial reporting needs?Complete with checklists, sample questions, and an index for quick reference, Not-for-Profit Audit Committee Best Practices covers:* Different types and unique characteristics of not-for-profit organizations* The audit committee's role in preventing and detecting fraud* Important internal controls and the internal audit function* The relationship of the audit committee and the independent auditorThis heads-up, hands-on guide helps audit committee members select and structure appropriate best practices and function in the most effective manner for their unique not-for-profit organizations. It's also a valuable reference for board members, managers, independent auditors, and advisors of not-for-profit organizations.
Detailed Information
| Author: | Warren Ruppel |
|---|---|
| Publication Year: | 2005 |
| ISBN: | 9780471770169 |
| Pages: | 178 |
| Language: | English |
| File Size: | 0.737 |
| Format: | |
| Price: | FREE |
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