The word “audit” often produces panic, fear, and uncertainty. Yet audits are simply a factor in providing proper financial management oversight of an organization. The audit committee serves as a liaison to the organization’s independent external auditor and is a conduit to the internal control structure that mitigates risks such as error and fraud . This course will help you to learn just what audits are and how audits can help you improve your operations and better serve your mission.
By the end of this course, you will be able to:
- Define what an audit is.
- Determine whether your organization needs an audit.
- Follow best practices for a successful audit, including choosing an auditor, understanding the Auditor's Report, and working with your board audit committee.