Effective Audit Committees for Nonprofit Organizations

Illustrative Audit Committee Charter

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Model Audit Committee Meeting Agendas

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Sample Audit Committee Questions to Ask of Auditors and Management

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Signs Which May Indicate Financial Trouble For Nonprofit Organizations

Signs that indicate financial trouble include: community support, financial independence, productivity, deferred current costs, and management practices.

Audit Committee Self-Assessment

This Audit Committee Self-Assessment document may be used by those charged with governance in particular, audit committees in performing an annual self-assessment.

Auditor Required Communications with Audit Committees

The guidance covering these requirements is located in the following four sections of the revised AICPA Auditing Standards SAS Codification – Post Clarity subsequent to the Clarity Project .

Strengthening Governance: Effective Mechanisms for Reporting, Investigating and Remediating Fraud

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Foreign Corrupt Practices Act

The FCPA of 1977, as amended, has been the recent focus of U.S. DOJ and SEC Enforcement and has resulted in significant risk and penalty/violation costs to companies, not to mention the exposure of directors to personal liability.