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Recent Posts by Rich Howard

Make Your Audit Committee Meaningful Again
Posted by Rich Howard on Fri, May 31, 2019 @ 11:07 AM

Economics 101 teaches us that time can be quantified in dollars and cents, and that if you want to measure the value of your time—i.e., your opportunity cost—start by looking at your hourly wage. Applying the opportunity cost idea to audit committees can make an audit committee seem like a hugely expensive venture.

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Topics: not-for-profit, Audit Committee, NFP, nonprofit, not-for-profit board of directors

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