Demystifying The Audit
A Guide For Nonprofit Board Members And Executives
Learn the role audits play in managing your nonprofit's financial health.
You'll also learn:
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How to prepare for a stress-free audit
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What you should expect from the audit, including an overview of internal controls and how they relate to financial risks your organization faces
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Understand the management letter and your responsibilities if you get a negative comment
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What to expect if you join a board's audit committee
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Key differences between the way for-profit and nonprofit organizations need to account for revenues and taxes
