Demystifying The Audit

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