The role of internal auditors has evolved from performing traditional appraisal activities and audit functions of evaluating internal controls to being considered an important part of corporate governance by adding value to organizations by improving operations. Is the given statement true or false? Explain your answer2. What type of external liabilities should a nonprofit organization worry about? What type of internal liabilities can be a problem? How can one hedge those risks? Again cite and reference.3. As nonprofits fall into the public sector, it is important that everything remain ethical and fair. Should nonprofits open up their books and operations to others to maintain transparency? Support your answer with at least 2 reasons, cited and referenced.4. Due to the unique nature and tax structure of nonprofits, there are many legal pitfalls that an executive director or board member can fall into. What are some of these pitfalls? As CEO what can you implement to avoid such legal and ethical quagmires?
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