The Nonprofit Quarterly asked Kate Barr, Executive Director of Nonprofits Assistance Fund and a leader on nonprofit financial management, to comment on the recent changes to nonprofit audits with SAS 112.  Her article appears in the Fall 2007 issue and lays out what the new standards mean, their potential traps, and gives practical advice on how to understand the findings.  By unpacking the new standards and terminology, she helps nonprofit staff, foundation officers, and board members understand what their organization's management letter is really saying.

To learn more, download the article here.  For more information on The Nonprofit Quarterly, to read other articles from their current issue, or to browse past issues, please visit their website at http://www.nonprofitquarterly.org/.