http://www.financeregs.com/ready-for-the-next-audit-think-again/ Breaking news & updates for Finance and Accounting pros Sat, 18 Jun 2011 10:45:55 +0000 hourly 1 http://wordpress.org/?v=abc http://www.financeregs.com/ready-for-the-next-audit-think-again/comment-page-1/#comment-2404 Carol VE Thu, 05 Mar 2009 18:56:19 +0000 http://www.financeregs.com/?p=850#comment-2404 Elaine said it very well. We are also a non-profit organization, and are county funded. Sure, it's a lot of work getting everything prepared for the audit (I print all of the reports they need so they are in one spot) and having our (outside) auditors here, but if you are doing everything to the best of your ability, there shouldn't be a problem having someone else look at the books. Sometimes the auditors can give ideas for improving the way of doing something. Elaine said it very well. We are also a non-profit organization, and are county funded.
Sure, it’s a lot of work getting everything prepared for the audit (I print all of the reports they need so they are in one spot) and having our (outside) auditors here, but if you are doing everything to the best of your ability, there shouldn’t be a problem having someone else look at the books. Sometimes the auditors can give ideas for improving the way of doing something.

]]> http://www.financeregs.com/ready-for-the-next-audit-think-again/comment-page-1/#comment-2401 Elaine Thu, 05 Mar 2009 17:04:38 +0000 http://www.financeregs.com/?p=850#comment-2401 We're a non-profit and actually look forward to our audits. They are an opportunity to prove our books, policies and procedures are compliant, solid and they can also identify weak areas. While they are time consuming for a brief period because we try to do things properly all along the way, it has become a time to highlight that we are doing things correctly and our books have the integrity required to be the best stewards of the money that is entrusted to us. Management is right there with us all the way and our team approach has built audit time into a confidence builder for our entire organization. We’re a non-profit and actually look forward to our audits. They are an opportunity to prove our books, policies and procedures are compliant, solid and they can also identify weak areas. While they are time consuming for a brief period because we try to do things properly all along the way, it has become a time to highlight that we are doing things correctly and our books have the integrity required to be the best stewards of the money that is entrusted to us. Management is right there with us all the way and our team approach has built audit time into a confidence builder for our entire organization.

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