How to Implement an Internal Audit at Your Nonprofit
The most strategic and successful organizations—regardless of size or industry—recognize that quality is not static. In today’s fast paced and uncertain risk environment, organizations must act decisively and effectively to stay ahead of the curve. By investing in sound internal controls structures and strong internal audit functions, market leaders defuse emerging risks on the horizon, maximize operational efficiency, and spot opportunities well before their competitors.
Join this session with expert speaker Melissa Musser, CPA, CISA, who will discuss the value an internal audit can bring and how you can implement or enhance the function at your nonprofit. You will learn to identify the types of internal audits, and how to conduct a preliminary needs assessment. An internal audit can make your operational processes more efficient and satisfy your stakeholders’ need for more financial reliability and integrity. This session will discuss how the internal audit can lead to a reduction in fraud and errors, ultimately saving you money, provide insight into emerging risks and protect your organization.
In this session, you’ll learn how internal audit can add value to your organization:
Give independent assurance that controls are operating effectively
Assist in facilitating the enterprise risk management process
Assess employee training and compliance procedures and related laws and regulations
Serve as a warning system enabling and remediation prior to external, regulatory or compliance audits
Investigate allegations into possible frauds
Facilitate discussions with employees to promote operational efficiency, including updates to standard operating procedures for automation and the elimination of redundant activities
Assist in identifying risks and prioritizing areas that require attention and audit focus
NASBA Category of Study: Accounting
Who Should Attend
Anyone in a Nonprofit Governance Positions, such as:
Melissa Musser CPA, CISA, serves as a manager at Aronson with 15 years of professional experience. Melissa delivers a comprehensive best-in-class risk based audit approach to respond to financial, compliance, operational & IT risks for small nonprofits to large global SEC organizations. Areas of...