Fraud Alert: Charities and not-for-profit organizations
Charities & not-for-profitThe average organization loses 5% of revenues each year to occupational fraud.* Is your business at risk?
Your organization’s most valuable asset is its reputation and that reputation must be able to withstand today’s increased scrutiny.
Contents
Audit committees exist to help the board maintain the organization’s overall integrity, financial credibility, and long-term viability. A sharpened focus on accountability, transparency, and risk management has brought the role of the audit committee into the public eye. As stewards of an organization’s reputation, audit committee members ensure that the organization prepares accurate financial statements, exercises responsible financial management, maintains compliance with laws and regulations, and manages operating risks effectively.
This guidebook provides an overview of the composition, function, and duties of an audit committee member. If you have additional questions about the role, please reach out.
Not-for-profit audit committee guide book
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