Internal Control | Nonprofit GPS

Entries Tagged ‘internal control’:

Importance of an Audit Committee

filed in Not-For-Profit (non-profit) Accounting on Jul.13, 2010

It is a known fact that audit committees are an essential component in corporate governance. The public has been increasingly focused on oversight and governance issues since the Enron scandal. However these issues aren’t just for the “for-profit” industry. It is becoming more and more of an issue for the not-for-profit world. Since the re-vamp [...]

Tags: accounting policies, audit committee, audit process, auditors, Best Practices, Better Business Bureau, Board Member, Conflict of Interest, corporate governance, fiduciary responsibilities, finance committee, financial matters, financial statements, Form 990, Fraud, independence in communication, internal control, IRS, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, not-for-profit organization, oversight, Piper Charitable Trust, whistleblower policy

Preventing Fraud - A Check Signer’s Responsibilities

filed in Fraud on Sep.29, 2009

Most businesses know that segregation of duties is an essential internal control within the accounting function. So, normally, the person with check signing authority is someone different from the person generating the checks within the accounting program. But this example of segregation of duties only works well if the check signer provides the necessary oversight [...]

Tags: check signing authority, company policy, Fraud Prevention, Fraud schemes, internal control, monthly statement, Not-For-Profit (non-profit) Accounting: Fraud, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, original invoice, segregation of duties, supporting documentation

Nonprofit GPS

Your personal navigation system through the not-for-profit community

Entries Tagged ‘internal control’:

Importance of an Audit Committee

Preventing Fraud - A Check Signer’s Responsibilities

Welcome to Nonprofit GPS

Non-Profit Lunch N’ Learns!

Recent Posts

Categories

Non-Profit Accounting Services Links

Nonprofit GPS Archives

Polls

Tags