Not-for-profit organizations

Not-for-profit audit committee guidebook

Your organization’s most valuable asset is its reputation, and that reputation must be able to withstand today’s increase scrutiny. As an audit committee member, you are a guardian of that precious asset.

Audit committees exist to help the board maintain the organization’s overall integrity, financial credibility and long-term viability. A sharpened focus on accountability, transparency and risk management has brought the role of the audit committee into the public eye. Ensuring that the organization prepares accurate financial statements, exercises responsible financial management, maintains compliance with laws and regulations, and manages operating risks effectively are critical tasks for every audit committee member.

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