Audit as an empowerment tool – How to take control of the audit process for pro-active board level leadership in NFPs.
Not-For-Profit Management, 10 (October).
Most Not-for-profit Organisations (NFPs) have had their annual general meetings or are working toward them. As readers know, an important part of the annual general meeting is the provision of accounts to members and the opportunity for those members to hear from their auditor. In this article I intend to discuss some ideas that Boards of NFPs could consider in their role at the pinnacle of corporate governance within their organisation. The purpose of such ideas is to provide board members with tools that may allow them to exercise greater control and take greater comfort in terms of the operations of their organisation. Principally, such control and comfort is gained through the appointment of a sound audit committee.