Not-for-Profit Audit Committee Best Practices (eBook)

Warren Ruppel (Autor)

eBook Download: PDF

2006 | 1. Auflage
176 Seiten
John Wiley & Sons (Verlag)
978-0-471-77016-9 (ISBN)

Infos

How can not-for-profit organizations be sure they play by the rules
when the rules aren't clear?

Due to recent, very public accounting scandals and the resulting
Sarbanes-Oxley Act and other regulations, public companies have
strict guidance on financial governance and accounting, including
the functions and responsibilities of audit committee members.
Though not-for-profit organizations are subject to increased
scrutiny, there has been no detailed guidance for their audit
committees. This book fills the void and helps not-for-profit
organizations answer these questions:

* In today's skeptical environment, how can responsible financial
governance and reporting reassure wary donors and supporters, and
perhaps give the organization a competitive advantage?

* How should the audit committee be structured?

* Which Sarbanes-Oxley requirements (if any) should the audit
committee adopt?

* Which best practices best fit the organization's structure and
financial reporting needs?

Complete with checklists, sample questions, and an index for quick
reference, Not-for-Profit Audit Committee Best Practices
covers:

* Different types and unique characteristics of not-for-profit
organizations

* The audit committee's role in preventing and detecting
fraud

* Important internal controls and the internal audit function

* The relationship of the audit committee and the independent
auditor

This heads-up, hands-on guide helps audit committee members select
and structure appropriate best practices and function in the most
effective manner for their unique not-for-profit organizations.
It's also a valuable reference for board members, managers,
independent auditors, and advisors of not-for-profit organizations.

Autor

WARREN RUPPEL, CPA, has over twenty-five years of experience in governmental and not-for-profit accounting. He is the Director of The Government Services group of Marks Paneth & Shron, LLP in New York. He began his career with KPMG in 1979, and joined Deloitte & Touche in 1989. Mr. Ruppel has also served as the chief financial officer of an international not-for-profit organization and as the assistant comptroller responsible for the accounting and financial reporting for the City of New York. He was the secretary of the city's audit committee for over ten years. He is the author of many Wiley books, including GAAP for Governments, Governmental Accounting Made Easy, and Not-for-Profit Accounting Made Easy. Mr. Ruppel is the Chair of the Audit Committee of the New York State Society of CPAs. He is a past president of the New York chapter of the Institute of Management Accounts, and a member of the Government Finance Officers Association where he serves on the Special Review Committee.

Inhalt

Preface.

1. Background and Regulatory Issues.

2. Establishing an Audit Committee and Determining Its
Charter.

3. Responsibilities of Internal Control over Financial
Reporting.

4. Understanding and Addressing the Risks of Fraud.

5. Defining the Role of the Internal Audit Function.

6. Establishing an Effective Whistleblower Program.

7. Audit Committee's Relationship with the Independent
Auditor.

8. An Audit Committee Action Plan.

Index.

Produkt-Details

• Erscheint lt. Verlag: 10.2.2006
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Planung / Organisation
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
• Schlagworte: Business & Management • Gemeinnützige Organisationen / Finanz- u. Rechnungswesen • Gemeinnützige Organisationen / Vorstand u. Vorstandsentwicklung • Gemeinnützige Organisationen / Finanz- u. Rechnungswesen • Gemeinnützige Organisationen / Vorstand u. Vorstandsentwicklung • Non-Profit Organizations / Boards & Board Development • Non-Profit Organizations / Finance & Accounting • Wirtschaft u. Management
• ISBN-10: 0-471-77016-7 / 0471770167
• ISBN-13: 978-0-471-77016-9 / 9780471770169