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Finance, audit committees both have distinct roles to play on boards

Year: 2024

Type: article

Abstract: For recently established nonprofits—or those whose boards and executive leadership are new to their positions—the roles of the board's finance and audit committees might seem to overlap. In fact, many boards with a finance committee choose not to have an audit committee at all, believing that the core responsibilities of an audit committee can easily be handled by a finance committee. However, experts argue that both are advisable because of the protection it offers the organization.

Source: Board & Administrator for Administrators Only

DOI: 10.1002/ban.31726

Language: English

Topic: Nonprofit Sector and Volunteering

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

Open Access status: bronze

OpenAlex ID: W4402173848

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Related to: 10