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Q: Why are audits becoming increasingly important in nonprofit sector? Cite at least three reasons.
A: The creation of an effective audit committee can help nonprofits meet their accountability goal; this committee's focus is only in this area. [ The benefits to the organization also include: improved financial practices and reporting, better deterrents to fraud, and enhanced external and internal audit functions. ]
Expert answered|bezeverhad|Points 122|
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Asked 9/11/2013 6:14:24 PM
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