Guidance for nonprofit CEOs, executive directors and board members who want to use their organization's financial statements for better decision making.
Demystifying the Audit
Learn the role audits play in managing your nonprofit's financial health. This guide is for nonprofit board members and executives.
You'll 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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What the management letter is 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
