Tax reporting can be a complicated topic, but knowing the basics can be beneficial to understanding your nonprofit organization.
Just like maintaining your health is vital to prevent, detect and deter illnesses, it’s critical that Local Educational Agencies (LEAs) take necessary steps to prevent, stop, and detect fraud before it becomes life-threatening to your organization.
Audit finding phobia? Fear not! The by-product of any audit is the potential for audit findings, but with a little pre-audit planning and post-audit clean-up, you can minimize the impact and maximize the benefit. Benefits, you might ask? Yes, let's start with the benefits. Getting an outsider’s perspective on your internal control systems is a great way to find better ways of doing things.
Implementing adequate internal controls in any Associated Student Body (ASB) is complicated. There are many working parts, plus staff and students must collaborate.