filed in Board Member on Nov.17, 2009
I recently read some interesting information on BoardSource (boardsource.org) about issues with non-profit organizations not using their boards to their fullest potential.As auditors, we see a wide variety of board member involvement. Some are very hands on, and, unfortunately, some exist in name only.
Common board member responsibilities include:
- Attend all board and committee meetings [...]
filed in Fraud on Sep.15, 2009
One common recommendation we make to our audit clients is to establish a formal written fraud risk management program. Such a program should require the performance of fraud prevention procedures which can have the advantage of decreasing the risk of fraud from actually occurring in the future.
A fraud risk management program should require a fraud [...]
filed in Not-For-Profit (non-profit) Accounting on Sep.01, 2009
As a member of nonprofit boards and as an advisor to nonprofit organizations, finding valuable resources of information is a constant challenge for me.
One of the navigational tools that I have found to be of the most value is the Internal Revenue Service website. The Charities & Non-Profits tab at irs.gov provides timely and useful [...]
filed in Economy on Jul.21, 2009
I have compiled the following “brainstorming” list of what non-profits are doing based on various articles I’ve read:
- Tapping reserve funds
- Creating contingency plans
- Protecting thier most important programs (Renegotiating terms with donors to focus on main programs and realigning staff to support such programs)
- Working with other charities and collaborating with other organizations to [...]
Loading ...