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Does Your Not-For-Profit Have an Effective Audit Committee?
Posted by Allan Klose on Mon, Sep 24, 2018 @ 05:08 PM

Not-for-profit organizations should take a page from the public company playbook when it comes to their governance. The Sarbanes-Oxley Act of 2002 (SOX), makes it a requirement for public companies to have an audit committee that follows several key mandates for reporting annual financial statements. Regardless of size, all not-for-profit organizations can benefit from having an audit committee as well, that can help with governance strategies and, ultimately, provide the best chance to ensure the organization’s success.

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

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