Audit for ‘Not for profit’ organisations.

Main differences from ordinary audits are:

Different objectives – not profit. Is the organisation staying within its objects?

Often a lot of cash is collected (charities) so risk there.

Some donations and bequests have strings attached eg use in a particular way.

Often staff, though well-meaning, have little commercial experience.

Management might be less professional

Management structure, relying on volunteers can be less able to tell people what to do eg to follow procedures.