Internal Controls for Nonprofits

Without prescribed controls and policies in place, an organization can easily put itself at risk for audit issues, fraud, and negative perceptions from donors and constituents.

Financial Technologies & Management (FTM) is happy to provide nonprofits with the white paper “Internal Controls for Nonprofits: Best Practice Principles, Policies, and Procedures” to serve a resource and guide.

This white paper will cover:

  • • Setting the Control Environment
  • • Segregation of Duties
  • • Process Documentation
  • • Monitoring Operations
  • • Maintaining Consistency
  • • Improving Internal Controls with Technology

FTM has been working with nonprofits to implement financial internal control best practices and further strengthen process control and financial accuracy with fund accounting software solutions.

FTM hosts a monthly, online Nonprofit Forum - all nonprofits are welcome.  Information on Forum topics and schedule can be found by clicking here.

http://ftmllc.com/nonprofit-forum.html

Serving nonprofit organizations since 1999, Financial Technologies & Management provides a wide variety of accounting services, fund accounting software, and a deep understanding of nonprofit organizations – the sole focus of our business.

Our nonprofit management solutions and accounting services can save your organization time and money, while increasing efficiency.  Some of the nonprofit management solutions we provide include financial management, financial advice, nonprofit accounting training, outsourced accounting and nonprofit accounting software.


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