Subject: Increasing of public scrutiny on not-for-profit reporting requirements The purpose of this memo is to explain why increasing scrutiny and demand for accountability by the public has influenced reporting for not-for-profit and governmental entities. State and federal regulators are reviewing, audit reports of agencies like ours that receive federal grants and loan monies. Their purpose is to “ensure that independent audit firms are in compliance with Generally Accepted Audit Standards
Words: 285 - Pages: 2
