| Preface xi 1 Background and Regulatory Issues Types of Not-for-Profit Organizations Covered by This Book Unique Characteristics of Not-for-Profit Organizations Financial Reporting Environment of Not-for-Profit Organizations Users of Not-for-Profit Organization Financial Statements Regulatory Environment of Not-for-Profit Organizations Summary 2 Establishing an Audit Committee and Determining Its Charter Charter and Bylaws Review Audit Committee Members Number of Audit Committee Meetings Meeting Attendance Minutes of Meetings Designation of Committee Chair Designation of a Committee Secretary Terms of Audit Committee Appointments Staggering Audit Committee Member Terms Annual Review and Reporting of Audit Committee Activities Ability to Hire Outside Counsel and Other Advisors Conflicts-of-Interest Statements Summary 3 Responsibilities of Internal Control over Financial Reporting Internal Control Basics Risks of Management Override of Controls Relationship of Internal Control to Financial Reporting Options for Reporting by Management and Independent Auditors on Internal Control Summary 4 Understanding and Addressing the Risks of Fraud Definition of Fraud Fraud in Relation to Financial Reporting The Audit Committee’s Role in Preventing and Detecting Fraud Fraud Risk Factors to Consider Summary 5 Defining the Role of the Internal Audit Function Definition of an Internal Audit Function Relationship of the Audit Committee to the Internal Audit Function Internal Audit Function’s Role in Supporting Management Assertions about Internal Control Summary 6 Establishing an Effective Whistleblower Program Sarbanes-Oxley Requirements for Audit Committees Relative to Whistleblowers Protecting Whistleblowers from Retaliation Summary 7 Audit Committee’s Relationship with the Independent Auditor Defining the Broad Relationship of the Audit Committee and the Independent Auditor Procuring the Services of an Independent Auditor Understanding the Independent Audit of Financial Statements Monitoring the Independence of the Independent Auditor Communications Received from the Independent Auditor Optional Attestation about Management’s Assertions Regarding Internal Control over Financial Reporting Summary 8 An Audit Committee Action Plan Holding an Organizational Meeting Reviewing the Audit Plan with the Independent Auditor Reviewing the Audit Results and Draft Financial Statements Reviewing the Independent Auditor’s Management Letter and AddressingInternal Control Issues Holding Executive Sessions Summary Index |
内容加载中，请稍后...
商品评论（0条）