Templates
Supply Chain Management
AICPA Quality Control Review Checklist for Nonprofit
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AICPA Quality Control Review Checklist for Nonprofit

1
Identify the nonprofit organization under review
2
Gather the organization's financial reports and records
3
Understand the organization's financial reporting process
4
Inspect the internal control structure of the organization
5
Audit the organization's balance sheets and income statements
6
Evaluate the presentation and disclosure of the financial reports
7
Identify any non-compliance with generally accepted accounting principles
8
Prepare report of the investigation carried out
9
Review relationship between organization and its auditors
10
Evaluate risk management practices in the organization
11
Approval: Audit Manager
12
Discuss findings with the organization's management team
13
Request for any necessary amendments to be made in the financial reports
14
Re-evaluate financial reports after adjustments (if any)
15
Approval: Senior Auditor
16
Submit final quality control report to AICPA
17
Retain a copy of the executed quality control review checklist