Jitasa Nonprofit Blog

Are You Audit Ready? Part 2

As we began to discuss on Tuesday (Read Part 1 of this series), once you have identified that you are required to, or that you would voluntarily like to conduct an audit, you will want to understand the following key questions and critical next steps:

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Idaho Nonprofit Center - Idaho Gives

An announcement from our partner, Idaho Nonprofit Center

 

Idaho Gives

Idaho Gives is a day for philanthropy across Idaho

A day for nonprofits to tell their stories and share with you how their work enhances...

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Are You Audit Ready? Part 1

As many nonprofits have wrapped up their fiscal year end process, a natural next step is preparing for your annual 990 IRS filing and (if required) your annual audit.

We will save the 990 IRS filing for another day and another entry, but for now let’s tackle...

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Does Your Nonprofit Have the Proper Internal Controls? Part 2

As we began to discuss yesterday (Read Part 1), a critical component of designing and implementing internal controls to minimize opportunities for fraud are control activities, which include but are not limited to the following:

1.  Create a clear separation of duties and responsibilities within your organization

Assign different people the responsibilities...

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Does Your Nonprofit Have the Proper Internal Controls? Part 1

Every month several news article are published about an employee at a nonprofit that was caught in fraudulent behavior.  Unfortunately, the 'do good' mission of nonprofits and their staff do not necessarily make them less susceptible to incidences of internal fraud. According to the 2012 Report to the Nations on...

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