TITLE:
External Governance of Non-Profit Organization—Reflections on the Auditing Guidance of Public Welfare Foundation
AUTHORS:
Wei Xia
KEYWORDS:
Nonprofit Organization, Governance, Audit Supervision
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.7 No.8,
August
21,
2017
ABSTRACT: Nowadays, the society is
increasingly concerned about the operation of the public welfare foundation. For third-party supervision as an
important tool of external governance, the audit of the foundation should be targeted to
reflect the implementation process and results of the fiduciary responsibility
of the public welfare fund so as to meet the community’s open and transparent
demand for charitable information, reshaping the credibility of charitable organizations.
Improving the traditional audit model tailored, and auditing the foundation in whether it
is responsible for its public fiduciary responsibility, from the donors’ point of view, the evaluation
of the operation of the public welfare fund may be better able to meet the
social’s need for charity accountability.