Internal Controls

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Internal Controls for Nonprofits

In the nonprofit sector, maintaining accountability and transparency is vital. Internal controls and separation of duties play pivotal roles in achieving this goal by safeguarding assets, ensuring accuracy in financial reporting, and complying with rules and regulations. Internal Controls These are typically written policies establishing procedures for people…

March 6, 2025

Internal Controls Every Small Business Should Have

According to the Association of Certified Fraud Examiners, businesses with fewer than 100 employees have the highest percentage of fraud instances.  Every small business should have some basic internal controls to help mitigate business risks, including employee fraud and accounting mistakes.   Many small businesses rely on one person to…

September 30, 2019