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Nonprofit Audit Committee Benefits: Why your nonprofit should have one

 Nonprofit Audit Committee Benefits Summary Best practice to have a nonprofit audit committee to provide accountability for organization’s independent audit finance committee is responsible for monitoring the organization’s financial status audit committee is given authority for overseeing the organization’s external audit process. To ensure that the audit process is objective, an audit committee should […]

Why Your Nonprofit Needs an Audit Committee

Creating both a finance committee and an audit committee offers a number of benefits to a nonprofit organization. Not only might it be a legal requirement, such as in New York under the Nonprofit Revitalization Act of 2013[1], but if a nonprofit’s finances are independently audited[2], you should certainly consider having an audit committee to […]