Nonprofit GPS
Your personal navigation system through the not-for-profit and government communities.
Tag Archives: fiduciary responsibilities
Your Responsibility for Quality Single Audits
Beginning with the Single Audit Act Amendments of 1996, the Office of Management and Budget (OMB) took a leading role in single audits. Single audits are required of any organization who Continue reading
Importance of an Audit Committee
It is a known fact that audit committees are an essential component in corporate governance. The public has been increasingly focused on oversight and governance issues since the Enron scandal. However Continue reading
Posted in Not-For-Profit (non-profit) Accounting
Tagged accounting policies, audit committee, audit process, auditors, Best Practices, Better Business Bureau, Board Member, Conflict of Interest, corporate governance, fiduciary responsibilities, finance committee, financial matters, Financial Statements, Form 990, Fraud, independence in communication, internal control, IRS, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, not-for-profit organization, oversight, Piper Charitable Trust, whistleblower policy
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Failing to Use the Board of Directors
I recently read some interesting information on BoardSource (boardsource.org) about issues with non-profit organizations not using their boards to their fullest potential.As auditors, we see a wide variety of board member Continue reading
Posted in Not-For-Profit (non-profit) Accounting
Tagged auditors, board member involvement, board member responsibilities, Board of Directors, disengaged board members, fiduciary responsibilities, Financial Statements, non-profit board member, Non-profit organizations, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, Not-for-Profit Board
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