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

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. Improv ing the traditional audit model tailored, and audit ing 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 .