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Describe the audit procedures you would carry out when auditing a charity organisations: i) Cash donations ii) Non-cash donations

Describe the audit procedures you would carry out when auditing a charity organisations:
i) Cash donations
ii) Non-cash donations

Answers

i) Cash donations
- I would confirm for the authority and approval of such donations
- I would observe the policy of the organization in respect of cash donations and ascertain
if such policy have been followed in regard of cash donations
- I would obtain for the meeting minutes of the BOD that authorized the cash to be donated
- I would confirm if the cash donated is the same as the sum agreed and authorized

ii) Non-cash donations
- I would observe for the policy and procedures used in such donations and agreed with the
company's procedures
- I would ascertain For the authority and approval of such donations
- I would find out for the nature and form of such non-cash donations and find out if it is in
line with the organization's objective.

Kavungya answered the question on May 14, 2019 at 13:09

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