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Audits (Grantmaking)+definitions
Audit: An independent examination of the accounting records and other evidence relating to an organization to support the expression of an impartial expert opinion about the reliability of the financial statements. - GOSW and Forum of Regional Associations of Grantmakers Amy Sample Ward
Audits (Grantmaking)+best practices
The Audit Committee Toolkit: Not-for-Profit Organizations
The American Institute of Certified Public Accountants
The toolkit offers a variety of resources to help nonprofits create and operate an audit committee.
www.aicpa.org/Audcommctr/toolkitsnpo/homepage.htm
The Audit Committee: Roles & Responsibilities (PDF)
Council on Foundations
www.cof.org/files/Documents/Education_Collaborations/Audit%20Conference%20Call%20Handouts/Audit_Committee_Roles_and_Responsibilities-HANDOUT_2A.pdf
Audit Committee Best Practices (PDF)
Council on Foundations
www.cof.org/files/Documents/Education_Collaborations/Audit%20Conference%20Call%20Handouts/Best_Practices-HANDOUT_2C.pdf
Independence Questionnaire for Audit Committee Members (PDF)
Council on Foundations
Audit committee members may complete this example questionnaire to assist in determining their independence.
www.cof.org/files/Documents/Education_Collaborations/Audit%20Conference%20Call%20Handouts/Independence_Questionaire-HANDOUT_2E.pdf
Request for Proposal for Audits (PDF)
Council on Foundations
A checklist of what should be included in an RFP for selecting an auditing firm.
www.cof.org/files/Documents/Education_Collaborations/Audit%20Conference%20Call%20Handouts/RFP_for_Audit-HANDOUT_4.pdf
Private Foundation Audit & Tax Preparation Checklist (PDF)
Council on Foundations
A checklist of private foundation schedules and other information required prior to an audit examination and tax preparation.
www.cof.org/files/Documents/Education_Collaborations/Audit%20Conference%20Call%20Handouts/Example_PBC_List-HANDOUT_5.pdf
The Sarbanes-Oxley Act and Implications for Nonprofit Organizations (PDF)
BoardSource, Independent Sector
This document summarizes the implications of the Sarbanes-Oxley Act’s provisions for nonprofit auditing practices.
www.boardsource.org/clientfiles/Sarbanes-Oxley.pdf
Sample Audit Committee Roles & Responsibilities
National Council of Nonprofit Associations
www.ncna.org/_uploads/documents/live//responsibilities.doc
Sample Audit Committee Charter (PDF)
Council on Foundations
www.cof.org/files/Documents/Education_Collaborations/Audit%20Conference%20Call%20Handouts/Sample_Audit_Committee_Charter-HANDOUT_2B.pdf
Sample Audit Committee Meeting Planner (PDF)
Council on Foundation
www.cof.org/files/Documents/Education_Collaborations/Audit%20Conference%20Call%20Handouts/Audit_Committee_Meeting_Planner-HANDOUT_2D.pdf
Sample Audit and Financial Reporting Resolution
Council on Foundations
www.cof.org/files/Documents/Sample%20Documents%20Bank/Governance%20%20Audit%20Committee%20Best%20Practices/Audit_and_Financial_Reporting_Resolution-_JKCooke_Fdtn_(Medium).doc
Megan Wentworth
Audits (Grantmaking)+issues
Thinking About an Audit? Read This First
Council on Foundations
The article describes the basics of the auditing process, the kinds of grantmakers that get audits, and a checklist for choosing an auditor.
www.foundationnews.org/CME/article.cfm?id=3360
