Audits in the Nonprofit Sector: Current Challenges from the Perspective of German-Speaking Countries

DOI: 10.5176/2251-1997_AF13.61

Authors: Josef Baumüller

Abstract:

Issues concerning audit quality have increasingly received attention over the past years. However, the specifics connected with audits of nonprofit organizations remain mostly unaddressed. Such specifics may affect the nature of audits themselves, the skills required from auditors and potential threats to their independence. Drawing from current results from empirical research and normative literature on nonprofit organizations, theses on the specific challenges to performing audits in the nonprofit sector are developed in order to incite further research in this field and give guidance to regulators.

Keywords: nonprofit organizations, audits, audit quality, performance audits