Sound internal controls are essential for non-profit organizational health. The 2016 Global Fraud Study found the most prominent organizational weakness that contributed to fraud was a lack of internal controls (29.3%) and override of existing internal controls (20%).
Parent Centers can use this freeNonprofit Controlsguide to identify best practice internal controls, including financial controls, audit preparedness, technology controls, and ways to help mitigate fraud risk.
The U.S. Dept. of Education Uniform Guidance: Internal Control Toolkit includes a webcast and other resources Parent Centers can use to make sure sound internal controls are in place.
Outcome:
Enhancing parent centers' ability to effectively manage their work and maintain a stable, effective organization.
