• Effective Audit Committee Guide

How Should an Effective Audit Committee be Governed?

An audit committee should adopt a formal written charter that is focused on the mission of the audit committee. 

How Much Time Should an Audit Committee Member Spend on Committee Work?

The complexity of the organization’s activities, its stage of development and magnitude of its issues will determine the audit committee’s agenda.

How Does One Maximize the Benefits in Conducting Audit Committee Meetings?

The audit committee needs to participate in the agenda-setting process up front along with other appropriate individuals (e.g., external and internal auditors and management), and the audit committee chair needs to preside over these meetings to ensure adherence to this agenda.

NACD’s “Ten Principles of Effective Audit Committee Oversight”

The NACD Blue Ribbon Commission on the Audit Committee recommends the following principles that it believes provide “a foundation for engaged, effective audit committee oversight.”

How Should an Audit Committee Evaluate its Own Effectiveness?

We believe that an audit committee should conduct an annual assessment of its own effectiveness. There are a number of ways to conduct this self-assessment.

How Should an Audit Committee Remain Current with Regard to Technical Guidance?

We believe that an audit committee should conduct an annual assessment of its own effectiveness. There are a number of ways to conduct this self-assessment.

Benchmarking Tool

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Contacts

William Eisig
William Eisig Atlantic Managing Partner 703-336-1401
Laurie De Armond
Laurie De Armond Managing Partner and National Co-leader 703-336-1453
Adam Cole
Adam Cole Partner and National Leader 212-885-8327
Lee Klumpp
Lee Klumpp National Assurance Partner – Nonprofit & Government 703-336-1497
Tammy Ricciardella
Tammy Ricciardella Technical Director 703-336-1531
Marc Berger - BDO Greater Washington, D.C.
Marc Berger National Director, Nonprofit Tax Services 703-336-1420
 
Patricia Duperron National Assurance Practice Director-Governmental 616-776-3692
Andrea Wilson - BDO McLean
Andrea Wilson Partner; Nonprofit & Education Advisory Services Leader 703-752-2784
Susan Friend
Susan Friend National Assurance Director - Nonprofit & Government 954-626-2964
See all contacts

Nonprofit Standard Newsletter

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We Wrote The Book

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How to Read Nonprofit Financial Statements: A Practical Guide is a key resource that will help you read, interpret, and use nonprofit financial statements.
 

Video Series: Nonprofit Voices

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Benchmarking Tool

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Events

July 22, 2019
This webinar will discuss and provide insights to the recently released final and proposed GILTI regulations.
July 25, 2019
As successful exempt organizations grow, they often need ways to segregate activities by purpose or geography, and to mitigate risk.