Coordination and collaboration between management, the board, and other committees can be challenging given the changing expectations for nonprofit governance.  We provide practical guidance to boards and financial oversight committees based on our observations of best practices employed in the nonprofit industry.

We can assist you with:

  • Board and committee presentations
  • Developing audit/finance committee charters
  • Whistleblower procedures
  • Conflicts of interest policies
  • Internal control policies and procedures manuals

Advisory Services

INSIGHTS & RESOURCES

Financial Operations Policies Can Prevent Your Organization from Becoming a Risky Business

Audit & Assurance03/27/2015

Have you ever known any staff or board members that get excited about the prospect of developing policies?  Probably not. Policy development and updates can sometimes fall to the bottom of the priority list, but this practice can significantly increase your organization’s risk.
A comprehensive approach to risk management would be to create an enterprise risk […]

The Importance of Effective Financial Governance and Internal Controls in the Wake of Reported Embezzlements at Prominent Nonprofits

Internal Control12/18/2013

The Washington Post recently reported that an administrative assistant admitted to stealing more than $5 million from the Association of American Medical Colleges (AAMC) in one of the largest embezzlement schemes at a Washington area nonprofit organization.  AAMC said it would “apply the lessons we have learned from this experience, as well as share them […]

A Board-approved Policy Manual – The Stitch in Time that Saves Nine

Audit & Assurance07/27/2012

Change management is not a particularly exciting topic; it lacks the “Gee Whiz” attributes of a major new IT project or an ingenious new program offering. Indeed, many nonprofit executives view the process with as much excitement as planning their own funeral.
However, from an administrative perspective, the lack of transition planning can prove to be […]

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