The AICPA Audit Committee Toolkit: Not-for-Profit Organizations

Audit committees have a big job to do in an organization—tough when the members have other responsibilities and the audit committee role is a part-time job with huge accountability. The AICPA Audit Committee Toolkit: Not-for-Profit Organizations is the needed help for audit committees to do the job they need to do as effectively and efficiently as possibly. Providing these tools in the public interest, the AICPA, with the generous support of our sponsors, endeavors to help audit committees, internal auditors, and the leaders of the financial management organization execute corporate governance. Permission is granted to download the tools below and tailor or customize for internal use. Note: Please retain the AICPA copyright notice that appears at the bottom of each document.

To purchase a copy of the Toolkit, click here

Download a zipped file of all the tools listed below. The individual documents are formatted in Word

• Audit Committee Charter Matrix	• Tracking Report (Whistleblowers)
• Financial Expertise	• Conducting an Exec. Session
• Sample RFP for CPA Services	• Issues Report from Management
• Independence and Related Issues	• Discussions with Indp. Auditors
• Peer Review of CPA Firms	• Evaluating Indp. Auditors
• Fraud and the Audit Committee	• Evaluating Internal Audit Team
• Hiring the Chief Audit Executive	• Audit Committee Self Evaluation
• Hiring External Experts	• Single Audit Act Issues
• Internal Control	• Resources for Audit Committees
• Evaluation of the Auditors Engagement Letter	• Unique Transactions and Fin. Relationships

Acknowledgements

The AICPA Audit Committee Toolkit: Not-for-Profit Organizations was developed by AICPA members working in and with not-for-profit organizations. We would like to publicly thank the members of the Task Force and the organizations that provided them the opportunity to participate in this project, for their dedication, professional expertise and hard work.

We would like to recognize Paul Sullivan, Task Force Chair, and Kenneth Witt, AICPA staff liaison, for their leadership of this project, and also thank Leonard C. Sonnenberg for the contribution of his expertise to the Peer Review Tool.

Finally, to our AICPA staff colleagues: Joel Tanenbaum , Karen Coutinho, Michael Doyle, Hal Clark, Emanuela LiMandri, and a host of others, we thank you for your contribution to making this Toolkit and the Audit Committee Effectiveness Center website available in support of our members, the organizations that they serve, and the public interest.

Not-for-Profit Audit Committee Toolkit Task Force

Paul Sullivan, CPA CFO YMCA of San Diego County San Diego , CA	Karen M. Johnson Director of Finance New Hampshire Historical Society Concord , NH
Larry Goldstein , CPA President Campus Strategies Crimora , VA	Richard Larkin, CPA Director BDO Seidman, LLP Bethesda , MD
Stephen C. Hermes, CPA, CVA Director of Assurance Service s Mayer Hoffman McCann P.C. San Diego , CA	Cheryl R. Olson, CPA Financial Accounting Consultant Girl Scouts of the USA New York , NY
Ellen K. Hobby, CPA, CAE Vice President, Finance and Administration Council on Foundations Washington , DC	Ronald F. Ries, CPA Managing Director American Express Tax & Business Service s, Inc. New York , NY
J. Mark Jenkins , CPA Board Treasurer San Francisco Gay Men's Chorus San Francisco , CA	Theresa A. Russo, CPA Director of Business Affairs LSU Foundation Baton Rouge , LA
Nancy Shelmon, CPA Partner PricewaterhouseCoopers LLP Los Angeles , CA	Gary Tribble Director of Finance Seattle Opera Seattle , WA
Frederick L. Silbernagel III, CPA Treasurer and Vice President for Finance and Administration The Brookings Institution Washington, DC	Paul Velaski, CPA Vice President and Chief Financial Officer Make-A-Wish Foundation of America Phoenix, AZ
Carol Stachwick, CPA Audit Manager Sonnenberg & Company, CPAs San Diego , CA	Randi Weling , CPA Board Member Animal Humane Society Minneapolis , MN

A professionally printed soft-cover book version of this Toolkit is available for purchase.