10 Things Keeping Nonprofit Auditors Up At Night – The NonProfit Times Article

What is on your audit plan for 2019? Have you begun to consider topics to address? Here’s a list of the top 10 challenges keeping nonprofit auditors up at night, and possible remedies (see link below) to help auditors continue their critical contributions to nonprofits.

  1. Changes to organizational strategy
  2. Organizational culture
  3. New technology
  4. Cybersecurity
  5. Compliance with funder requirements
  6. Financial controls
  7. Reliance on third parties
  8. Procurement procedures
  9. Transportation and distribution (logistics)
  10. Fraud and corruption

What do you think? I definitely agree with a good many of the items on the list.

In my experience the challenge is that nonprofit management and boards tend to constraint auditors to execute cyclical and compliance based audits of various organization segments/units and organization partners. This mostly out of habit and such audits tend to miss important entity level risks.

Click the article for more details and for some great proposed remedies. I might add that I know the authors well and they are quite knowledgeable about the challenges.

Source: 10 Things Keeping Nonprofit Auditors Up At Night – The NonProfit Times

Published by

Unknown's avatar

roger ngong

I've been in audit, finance and compliance roles for over 15 years now, with the majority of my time spent in the international nonprofit sector. I have been blessed with many opportunities to audit large complex organizations and small entities all around the world. It is my deep passion for the kind of value that auditors can bring to nonprofit agencies and how that can affect the lives nonprofits touch; the kinds of experiences that I and other colleagues I know have had; the opportunities that lay ahead for our profession; that brings me to launch this nonprofit auditor blog space. However the views I share are not my employers' or affiliated groups, whether past or present. The world is made of networks, countries, religions, races, companies, even brands are all forms of networks. In my career as a non profit auditors, I have found that networking with other auditors and management professionals has been immensely beneficial. This blog is to share those experiences, the news and the best practices in our niche sector. I humbly invite all to join, we all have much to say! We already do a lot of writing so this should be easy!