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Preparing for the Audit Process - NYC

Preparing FOR THE Audit Process : WHAT SHOULD I DO?This subtitle is on the actual slidePresented by:Julie L. Floch, CPAP artner and Director ofNot-for-Profit ServicesEisner L. FLOCH, Floch is Eisner s Director of Not-For-Profit Services and is the partner responsible for coordinating the planning and administrationof engagements in the firm's not-for-profit practice. She is experienced with the application of federal and state tax laws, as they relate tonot-for-profit entities, as well as with the requirements of federal regulations relating to clients who receive government funding. A graduate of the State University of New York at Binghamton, with graduate studies at Baruch College/CUNY, Julie is a current memberof the American Institute of CPAs Not-for-Profit Organizations Expert Panel and a member of the New York State Society of CPAs committee on not-for-profit organizations (which she formerly chaired) and its committee on tax-exempt entities.

Preparing for the Audit Process 1. What is a financial statement audit? 2. What are external auditors? 3. What is the role of the auditor? 4. What does “Independence” really mean? 5. What is management’s role? 6. What do I need? 7. When will they leave? 8. What is SAS 99? SAS 112? SAS 114?

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