External Governance of Non-Profit Organization—Reflections on the Auditing Guidance of Public Welfare Foundation - American Journal of Industrial and Business Management

AJIBM > Vol.7 No.8, August 2017

External Governance of Non-Profit Organization—Reflections on the Auditing Guidance of Public Welfare Foundation ()

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Download as PDF (Size: 371KB) PP. 989-997

DOI: 10.4236/ajibm.2017.78071 1,379 Downloads 2,333 Views

Author(s)

Wei Xia

Affiliation(s)

College of Public Administration, Jinan University, Guangzhou, China.

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.

KEYWORDS

Nonprofit Organization, Governance, Audit Supervision

Share and Cite:

Xia, W. (2017) External Governance of Non-Profit Organization—Reflections on the Auditing Guidance of Public Welfare Foundation. American Journal of Industrial and Business Management, 7, 989-997. doi: 10.4236/ajibm.2017.78071.

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