What would happen to your nonprofit if your largest grant disappeared tomorrow? It is not a hypothetical question. In 2026, the nonprofit funding environment is as unpredictable as it has
The last article discussed constraints in designing internal controls in smaller organizations. This section focuses on assessing the strength of internal controls. While there is no litmus test, there are
A well-designed internal control environment ensures that the key responsibilities of authorization, custody, record-keeping and account reconciliations are held by different individuals, a bedrock principle called Segregation of Duties. Involving
