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Nonprofit boards need to know how to get a thorough audit

Viewpoint

October 8, 2013
The Maui News

The old adage is true: Those who don't know history are doomed to repeat it. You will remember that the two largest contributing factors to the collapse of Enron were senior management engaging in bad practices without the knowledgeable approval of the board of directors and the audit firm Arthur Andersen giving clean audits year after year, thereby concealing the fraudulent activities.

 
 
 

 

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