Nonprofit GPS
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Tag Archives: internal control
Importance of an Audit Committee
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 Continue reading
Posted in Not-For-Profit (non-profit) Accounting
Tagged 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
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Preventing Fraud – A Check Signer’s Responsibilities
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 Continue reading
Posted in Not-For-Profit (non-profit) Accounting
Tagged 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
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