Washington (July 7, 2004) -- Approximately three-quarters (77 percent) of nonprofit organizations have an audit committee, based on findings reported in the latest Grant Thornton "National Board Governance Survey for Not-for-Profit Organizations."
However, the report pointed out, "While that number may seem high, not-for-profit industry experts believe that almost all boards of directors should have a separate audit committee."
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access