AICPA publishes Audit committee toolkit for Not-for-profit organizations

Newest Resource of Audit Committee Effectiveness Center

The American Institute of Certified Public Accountants (AICPA) today released an Audit Committee Toolkit for Not-for-Profit Organizations.

The publication provides audit committees of not-for-profits with a comprehensive set of best practices to help them discharge their responsibilities appropriately. It complements a toolkit the AICPA developed for audit committees of public companies in response to the Sarbanes-Oxley Act.

The Audit Committee Toolkit: Not-for-Profit Organizations is available for free download from the AICPA Audit Committee Effectiveness Center. The toolkit covers a wealth of governance topics, ranging from developing an audit committee charter and hiring the chief audit executive to conducting an executive session and evaluating independent auditors.

See full Press Release, in pdf format, and access to full Toolkit.