Nonprofit audits also are conducted to ensure that the


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?

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Financial Accounting: Nonprofit audits also are conducted to ensure that the
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