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Not for Profit
Colleges and universities, trade and professional associations, religious organizations, social and human service organizations and health care organizations today realize that they need to improve productivity. At least break even or perhaps post a small profit in their operations so as to reduce their dependence on external funding sources to a large extent. This has brought about a greater focus on utilizing resources to the maximum, thereby eliminating wasteful expenditures.
    The Value of Relevante Not-for-Profit Services
Relevante Assurance & Business Risk Services for Not-for-Profit Organizations:
Enterprise Risk Management (ERM)
Entity-Wide Risk Assessment
ERM Design and Implementation
Fraud Risk Assessment
Technology Risk Assessment
Risk and Control Assessments
Audit Committee Support and Advisory Services
Internal Audit
 
Financial Audits
 
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Review quality of internal audit approach
 
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Assess effectiveness and efficiency of IA processes
 
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Data extraction and analyses (also for forensics)
 
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Coordination with external auditors
 
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Quality Assessment Reviews (QAR)
Outsourced / Co-sourced Internal Audit
Controls and Compliance Under Governmental Laws and Regulations
Application of SOX to Not-for-Profit Organizations:
 
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Risk Assessment
 
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Entity Level Control (ELC) evaluation
 
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Audit Committee Assessment
 
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Compliance Reviews (Section 404)
 
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Design and Implementation
IT Audits & IT Regulatory Compliance
Other Special Audits: Operational, Compliance, Performance
Program and Project Management
Cost allocation & Indirect Cost Rate Analyses
Training Programs (internal audit & finance, audit committees, board of directors)
Forensics and Fraud Detection
Metrics / Benchmarking Development
Due Diligence / Mergers & Acquisitions
Financial Processes Effectiveness and Efficiency Assessment
Accounting Systems Implementation (ERP)
Accounting Operations Outsourcing
Financial Reporting
Accounting Operations Process Improvement
Reconciliation Projects
Financial Projections/Modeling

 

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