Not-for-Profit Audit Committee Best Practices非盈利审计委员会最佳实践
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作者： Warren Ruppel著
出 版 社： 吉林长白山
出版时间： 2005-11-1字数：版次： 1页数： 166印刷时间： 2005/11/01开本： 16开印次： 1纸张： 胶版纸I S B N ： 9780471697411包装： 精装内容简介
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。
目录
Preface xi
1Background 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
2Establishing 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
3Responsibilities 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
4Understanding 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
5Defining 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 aboutInternal Control
Summary
6Establishing an Effective Whistleblower Program
Sarbanes-Oxley Requirements for Audit Committees Relative toWhistleblowers
Protecting Whistleblowers from Retaliation
Summary
7Audit Committee’s Relationship with the Independent Auditor
Defining the Broad Relationship of the Audit Committee and theIndependent 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 InternalControl over Financial Reporting
Summary
8An 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
