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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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