Not-for-Profit Audit Committee Best Practices非盈利审计委员会最佳实践

出版时间：2005-11  出版社：吉林长白山  作者：Ruppel, Warren  页数：166  

内容概要

　　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。 　　Since not-for-profits are not required to comply with Sarbanes-Oxley， they have the advantage of being able to select from alternative ways of functioning。 Not-for-Profit Audit Committee Best Practices helps audit committee members select from various best practices to tailor the functioning to their particular circumstances。

书籍目录

Preface  xi1　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