Profits have to increase accountability and transparency

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Reference no: EM131204263

Nonprofit audits also are conducted to ensure that the financial statements are materially correct and are prepared in accordance with GAAP. Donor restrictions are a part of what auditors look at. It's just part of the testing they conduct. A lot of nonprofits have an audit of internal controls that coincides with the financial statement audit. Do you think that nonprofits should have a SOX-like act similar to what for-profits have to increase accountability and transparency?

Reference no: EM131204263

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