Nonprofits should have written financial policies that are adequate for the size and complexity of the organization.
From the Standards for Excellence: An Ethics and Accountability Code for the Nonprofit Sector. ®
INTERNAL CONTROLS AND FINANCIAL POLICIES
- Nonprofits should have written financial policies that are adequate for the size and complexity of the organization. These policies should address investment of the assets of the organization, internal controls, purchasing, and unrestricted current net assets.
Download- Internal Controls and Financial Policies ED Packet
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