NCInnovation audit committee flags errors, delays final approval of IRS filing

NCInnovation audit committee flags errors, delays final approval of IRS filing

The audit committee for NCInnovation, the state-funded nonprofit at the center of recent legislative and financial scrutiny, has delayed approval of its latest IRS Form 990 following a detailed review revealing compliance issues, disclosure gaps, and unresolved questions about past filings. The decision came during a lengthy audit committee meeting this week, where external auditors from BDO and staff walked members through the draft of NCInnova…