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Financial Management

Financial ManagementNonprofit leaders must develop, at a minimum, a basic skill set in financial management. Financial analysis shows the "reality" of the situation of a business and is therefore one of the most critical practices in management. This page offers tools, articles and news items related to enhancing your organization's fiscal management capacity.

Roles and Responsibilities of Nonprofit Audit Committee Members

Source: Guidestar
The nonprofit sector is extremely diverse. Some organizations deal with hundreds of millions of dollars each year, whereas others' budgets are only in the thousands. But regardless of size and scope, one of the many commonalities that all nonprofits should be concerned with is corporate governance. In fact, many organizations still need to be convinced that they need audit committees. For organizations that are exploring the implementation of audit committees-or for those with active ones-it is extremely important to understand their roles and responsibilities.
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Posted on: January 1, 2013
Topics: Finance | Board

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