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VIDEO Q&A for Subscribers: August 2025
Ben and Mike answer questions from subscribers about the rights of members to access a membership organization's documents, whether small organizations should have an audit committee, addressing auditor findings, and balancing privacy concerns with reporting and disclosure requirements.
VIDEO: The Purposes and Roles of the Audit Committee
Ben and Mike discuss why nonprofit organizations have audit committees, their traditional role throughout the annual audit process, the importance of the Board's perception of an audit committee's purposes, how the independence of the audit committee can serve nonprofits in expanded ways, and more.
VIDEO Q&A for Subscribers: March 2025
Ben and Mike answer questions from subscribers about record-keeping and document retention practices, using LLCs to limit liability risk in a fiscal sponsorship, disclosure of committee meeting minutes as part of the audit process, whether abstaining Board are counted for purposes of satisfying unanimous written consent procedures, and whether a quarterly Board meeting can be delayed into a subsequent quarter.