An effective audit committee can strengthen governance for not-for-profits (NFPs) of all types and sizes by providing oversight and expertise in financial practices and reporting, as well as internal and external audit. This committee also can play a critical role in monitoring anti-fraud programs and building the organization's credibility with stakeholders.
The Audit Committee Toolkit for Not-for-Profit Entities provides illustrative information for board and audit committee members of NFPs; CEOs, CFOs, and other key staff positions of NFPs; and independent