Demystifying The Audit

A Guide For Nonprofit Board Members And Executives


Latest insights, observations and guidance: a guide for nonprofit board members and executives

This guide explains the role audits play in managing your nonprofit's financial health.

You'll learn:

  • How to prepare for a stress-free audit
  • What you should expect from the audit, including an overview of internal controls and how they relate to financial risks your organization faces
  • Understand the management letter and your responsibilities if you get a negative comment
  • What to expect if you join a board's audit committee
  • Key differences between the way for-profit and nonprofit organizations need to account for revenues and taxes