One of the journal articles assigned to our class was Placing the Normative Logics of Accountability in “Thick” Perspective by Alnoor Ebrahim, as published by the American Behavioral Scientist. In it there is a table that breaks board responsibilities regarding accountability into three areas: governance, performance, and mission. When talking about board accountability, the conversation often surrounds board fiduciary responsibilities and internal controls for financial management. According to Ebrahim, establishing internal controls and financial oversight falls under the board's "governance" role.
Even though we would like to think fraud is not be a common problem among nonprofit organizations, unfortunately they are ripe for it. Part of this is due to increased trust among nonprofit boards and staff, and that laws such as Sarbanes-Oxley do not place the same restrictions and requirements on nonprofit organizations. This video by a nonprofit consulting group speaks to the issue of fraud in nonprofit organizations (minus the part at the very end where he talks about his kids listening to Cyrus and Bieber):
Showing posts with label money. Show all posts
Showing posts with label money. Show all posts
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