Establishing Effective Internal Controls for Smaller Nonprofits with Limited Resources
Nonprofit organizations face an ongoing challenge of accomplishing more with less. These conflicting interests can often lead nonprofits to assign accounting staff multiple roles as part of the job duties they are expected to complete. This balancing act almost invariably leads to a segregation of duties issue whereby key accounting functions are carried out by the same staff without mitigating controls in place. Nonprofits must realize that by implementing a few basic and cost effective internal controls, they can effectively segregate duties and promote transparent financial reporting while staying within budgetary parameters.
Read this thought leadership piece entitled, Establishing Effective Internal Controls for Smaller Nonprofits with Limited Resources, authored by nonprofit principal Greg Rogers.