2021 Nonprofit Audit Committee Bootcamp
Free Live Webinar Series
Audit experts Ken Cerini, Matthew Burke, and Tania Quigley held an informative live webinar series!
We revisited our Audit Committee Bootcamp, a three-part webinar series designed to help audit committee members effectively understand and fulfill their many roles and responsibilities. It’s clear to us that this subject matter still needed more attention, as many audit committees are not operating in compliance with New York State legal regulations, others are not structured in the best possible way, and most are not fully aware of the complexity of their functions. Our webinars provided an overview of audit committees’ typical tasks, with a special focus on working with external auditors, internal auditors, and risk management.
If there’s ever any insight or advice we can provide to your non-profit organization, board, committees, or management, please reach out to any of our non-profit experts. We’re here to help.
Roles and Responsibilities
Tuesday, March 30, 2021
Ken Cerini & Tania Quigley
The role of the audit committee – we discussed the audit committee, what its purpose is, who should be on the audit committee, what the audit committee should be focusing on, what should be discussed at each meeting, etc. This is more of an overview that feeds into the second and third meetings.
The Committee’s Role in the Audit Process
Tuesday, April 13, 2021
Ken Cerini & Matthew Burke
The role of the audit committee with respect to external parties – We discussed the audit RFP, the selection of the external auditors, what you should be asking of your auditors, going beyond the financials to focus on analytics, operations, and compliance, and more. (e.g. government audits).
Internal Communication and Understanding Risk
9:00am – 10:00am
Matthew Burke & Tania Quigley
The role of the audit committee with respect to internal parties – Matthew Burke and Tania Quigley discussed who should be communicating with the audit committee, how often, what information should the audit committee review with respect to the organization’s control environment, what risks should the organization be considering and whose responsibility it is.