While this book will be most useful to the staff of a small organization, the information here is of interest to organizations of all sizes. The reader who follows these guidelines will approach an audit with increased confidence and understanding. Includes a basic presentation of accounting concepts, the accounting cycle, and financial reports. Specific accounting transactions are explained and illustrated with simple examples. Basic concepts of internal control are explained and applied to specific operational situations.
Advice is given on negotiating and working with an auditor and on preparing for the audit.
Included are a sample request for proposal, engagement letter, and auditor's report. The readers of this concise, clear booklet will be well prepared to evaluate their organization and prepare for a successful audit. Order from CompassPoint Nonprofit Services. This concise and practical booklet will give nonprofit managers the tools and the confidence they need to begin or to evaluate banking services. The author emphasizes the importance of establishing and cultivating a good banking relationship.