Industries | Non-Profits | Financial Accountability
The Importance of Financial Accountability in Achieving your Mission
One of the most common roadblocks to achieving your nonprofit mission is a lack of financial accountability. Essential to successful nonprofit financial accountability is ensuring your board members are financially literate and have a sound understanding of financial practices and that your overall financial management system includes policies and procedures that support transparent reporting to your stakeholders.
Creating a Financial Control System
Ultimately, the goal of a financial management system is to implement sufficient financial policies that ensure financial reporting is accurate and reliable, and that the assets of the organization are safeguarded. By creating a strategic accounting system and implementing sufficient control policies, your organization will be on its way to achieving strong financial accountability.
Implementing a comprehensive financial accountability system requires thoughtful assessment, transparency and sound financial knowledge. Wegner CPAs is your partner to achieving financial accountability and can help in a variety of ways:
- Implementing a comprehensive system
- Identifying weaknesses in your existing system and creating solutions
- Working with your board to achieve financial literacy
- Guiding the creation of written policies and procedures that summarize your control systems
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Specializing in performing financial statement and compliance audits for a variety of organizations.
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Going far beyond the standard accounting and tax services, our CPAs specialize in several industry areas and are in tune with the opportunities and challenges faced by each.
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