Charities and non governmental organizations, Auditing

Charities and Non Governmental Organizations

Key audit areas:

  1. Income: donations therefore are not easy to confirm good internal control is needed particularly on the opening of mail. The published list of donors can be especially helpful in confirmation;
  2. Outgoings: should be subject to delegated authority and Should be minute;
  3. Investments: Many charities have investments and these are confirmed in the general way of confirming in investments.

The audit report is always qualified on grounds such is impossible since of the nature of the society to confirm whether all the income receivable in the form of donations has been completely accounted for.

Posted Date: 1/28/2013 4:25:02 AM | Location : United States







Related Discussions:- Charities and non governmental organizations, Assignment Help, Ask Question on Charities and non governmental organizations, Get Answer, Expert's Help, Charities and non governmental organizations Discussions

Write discussion on Charities and non governmental organizations
Your posts are moderated
Related Questions
Are you able to help me my advanced auditing assignment? It is Tuesday and it is due Friday. I have worked hard on it but I am struggling with it. Carmen

Cost and Authorization - Detailed audit of stock Cost A favor of the auditor this is restricted generally to determining the technique adopted through the organization

Non Current Assets or Fixed Assets In usual countries, not current assets are commonly classified like: a) Intangible assets Patents Licences Developme


Auditor performs analytical work only at the end of the audit. Ans: I disagree with the statement because: i) Analytical work/procedures are used to obtain an understanding o

List the internal controls that should be in effect solely because a EDP system is employed, classifing them as (1) Those controls pertaining to input of information and (2) All ot

Classification of Management Representations The thing to note is which during the course of the audit the auditor obtains various representations from the management which ca

IAS 28 - Audit Process IAS 28 applies in accounting for investments in associates, except those held through: Venture capital organisations, or Mutual funds,

should your test for unrecorded liabilities be affected by the fact that a letter is obtained in which a responsible management official certifies that to the test of his knowledge

The International Auditing and Assurance Standards Board (IAASB) is an independent standard-setting body that serves the public interest by setting high-quality international stand