Sample Nonprofit Financial Controls
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Every nonprofit should be a good and responsible steward of its financial resources. Nonprofit leaders should provide due diligence over all assets and money coming in and going out.
Audits don’t necessarily catch waste, fraud, or abuse. That’s why every nonprofit should have some basic financial controls in place to reduce risk and give confidence to your stakeholders that you are providing adequate oversight.
Consult your own CPA or attorney but to get you started, grab this sample list of financial controls which you can implement quickly.
