The Limitations of Nonprofit Audits: A Cautionary Case | Nonprofit Quarterly

The Limitations of Nonprofit Audits: A Cautionary Case | Nonprofit Quarterly: "NPQ has repeatedly suggested to readers that they need to be cautious about depending on an audit to provide the board with a sense of security about its financial systems. This story is perhaps a more dramatic case in point than most.

NPQ has reported on the tragedy and allegations surrounding the federal GEAR UP grant award to the state of South Dakota that first came to national attention with the murder-suicide of a family of six in the small town of Platte, South Dakota in September 2015. Mid-Central Educational Cooperative (MCEC), the agency which administered GEAR UP on behalf of the SD Education Department, commissioned its own forensic audit of its handling of GEAR UP funds. The audit results were made public last week, and MCEC’s board were briefed publicly yesterday."



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