2018 Audit Committee Outlook for Not-for-Profit Organizations

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Business people having discussion Your organization’s most valuable asset is its reputation, and that reputation must be able to withstand today’s increased scrutiny. As an audit committee member, you are a guardian of that precious asset.

Audit committees exist to help the board maintain the organization’s overall integrity, financial credibility and long-term viability. A sharpened focus on accountability, transparency and risk has brought the role of the audit committee into the public eye. Ensuring that the organization prepares accurate financial statements, exercises responsible financial management, maintains compliance with laws and regulations, and manages operating risks effectively are critical tasks for every audit committee member.

Download our 2018 Audit Committee Outlook for Not-for-Profit Organizations, which provides an overview of recent accounting pronouncements and tax regulations with the potential to affect your not-for-profit organization. We have created this guide as a reference to assist you with discharging your critical fiduciary responsibilities.