Section Highlights

Financial Oversight, Audits and Reporting

Financial Oversight

NeighborWorks America was established by Congress in 1978 as the Neighborhood Reinvestment Corporation.

As a congressionally-chartered corporation, receiving a direct annual appropriation, the corporation is subject to a significant level of oversight, and holds itself to the highest operational standards. The Corporation benefits from multiple forms of oversight. More information»

External Audit

NeighborWorks undergoes an annual third-party financial audit by one of the nation’s top public accounting firms. The external, independent auditors annually provide a full audit of the corporation’s financial statements in accordance with formal industry standards prescribed by the American Institute of Certified Public Accountants and the Financial Accounting Standards Board.

View external audit from our last two fiscal years (years ended September 30, 2013 and 2012).

View external audit from years ended September 30, 2012 and 2011.

View external audit from years ended September 30, 2011 and 2010.

Office of Internal Audit

The Internal Audit function is one part of a broader oversight, auditing and reporting process used by the NeighborWorks America to assure compliance with all applicable rules and regulations, and prudent use of every dollar expended. More information»

The mission of the Office of Internal Audit is to provide independent, objective assurance designed to add value and improve the organization's operations. The Office of Internal Audit helps the corporation accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

The scope of work of the Office of Internal Audit is to determine whether the corporation’s network of risk management, control, and governance processes, as designed and represented by management, is adequate and functioning in the prescribed manner. This is usually determined during an audit review.

Opportunities for improving management control, program objectives, and the corporation’s image may be identified during such audit reviews and communicated to the appropriate level of management.

The Director of the Office of Internal Audit reports directly to the Board of NeighborWorks America through the Audit Committee and administratively to the Chief Executive Officer.

Internal Audit Charter

Audit Committee Charter

Internal Audit Reports
Reports issued by the Office of Internal Audit are available (using Adobe’s Portable Document Format – PDF) and are grouped by calendar year. Click on one of the links on this page for reports issued in that year.

Note: Consistent with information typically subject to redaction under the provisions of the Freedom of Information Act (FOIA) certain confidential, proprietary commercial or financial information, internal personnel rules and practices and personnel information that would constitute an unwarranted invasion of personal privacy has been redacted from some of the following Internal Audit Reports.

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