During an internal audit of a non-profit organization, it is found that there is a lack of clear policies for donor fund management. What should the auditor recommend to enhance governance and transparency? ○ A. Cease accepting donations until a solution is found. B. Limit the number of donors to reduce complexity. OC. Suggest that an external body manage the donor funds. O D. Develop and implement comprehensive donor fund management policies.

During an internal audit of a non-profit organization, it is found that there is a lack of clear policies for donor fund management. What should the auditor recommend to enhance governance and transparency? ○ A. Cease accepting donations until a solution is found. B. Limit the number of donors to reduce complexity. OC. Suggest that an external body manage the donor funds. O D. Develop and implement comprehensive donor fund management policies.

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter14: Activities Required In Completing A Quality Audit

Section: Chapter Questions

Problem 52MCQ

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