Documente Academic
Documente Profesional
Documente Cultură
Investigations II
Audit of Not-For-Profit
Organisations
Key issues
Audit of NFP
Audit Planning
Audit Evidence
Audit of Reporting
1. Introduction
When carrying out an audit of a not-for-
profit organisation, it is vital that the
auditor establishes:
Misstatement or omission
of assets, including donated
properties and investments.
The existence of restricted
or uncontrollable funds in
foreign or independent
branches.
7. Key Audit Areas
Loss of income
through fraud
Recognition of
government funding
Recognition of income
from professional
fundraisers
Continued..
Recognition of income
from branches,
associates or subsidiaries
Income from informal
fundraising groups
Income from grants
8. Audit Reporting