Not-For-Profit Audit Committee Best Practices - PDF free download eBook

  • Verified: Fri, Nov 15, 2019
  • Published: 01.01.2019
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Introduction

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...

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Details of Not-For-Profit Audit Committee Best Practices

Original Title
Not-For-Profit Audit Committee Best Practices
ISBN13
9780471697411
First Published
2005 year
Edition Format
Hardcover
Number of Pages
166 pages
Book Language
English
Ebook Format
PDF, EPUB

Some brief overview of this book

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-profi 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 auditor This 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.

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