An assessment can be a valuable tool in determining the current state of your organization’s accounting and finance function. Not having a good grasp of this information can lead to challenges down the road such as inaccurate data used in decision-making or even an unfavorable management letter from your external auditor. A comprehensive accounting and…
Tag: Board of Directors
Fiduciary Responsibilities of a Nonprofit Board
The duties of board members are many. From steering the organization’s mission and purpose, to appointing new directors and overseeing fundraising, it is critical to the success of an NPO that board members understand their responsibilities. One of the most important functions of a board is to oversee the organization’s financials. Lack of proper financial…