Category Archives: Uncategorized

Reports on Internal Controls

Internal controls protect the company’s assets as well as their shareholders’ investments in the company. Therefore, the SEC requires companies to report on internal controls as part of Management’s Report of Responsibilities. The Committee of Sponsoring Organizations (COSO) of the …

Types of Grant Audits

Depending on the size of the grant awarded and suspicion level, there are different types of grant audits that might be performed. The nonprofit is accountable for every penny spent. An audit is performed to verify whether or not the …