Question

If you were to perform not-for profit organizations audit, what would be a good question to ask about information related to 990s form? Please list at list 5.

Answer 1

I would look for the following

1. I would ask about the program accomplishments during the year to ensure that these are aligned with mission of the NPO

2. I would ask about the governance structure and policies to evaluate them from compliance perspective

3. I would enquire about vendors and the services provided in order to validate whether the service offerings met the needs of the NPO

4. I would also enquire about the fundings received and their sources.

5. I would ask for the mission and goals statement to ensure that the missions are in alignment with the goals and the values