Best Controls for Small Nonprofit Organizations

Smaller nonprofit organizations often do not have the volume of transactions to require multiple level controls. Too many controls can unnecessarily slow the accounting process. A few very good controls that prevent or detect errors, misstatements, omissions or valuation in multiple areas define a well-designed accounting system. When we hear the word “Controls”, most often we think of activity level controls. For example, controls over recording cash transactions. Another important area to establish controls is at the entity level. These are controls relating to managements’ ethics and commitment to a strong control environment. The third area of controls is information technology. En

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