Strong Financial Controls for Small Associations

Strong Financial Controls for Small Associations

Finance January 3, 2012 By: Chuck Wellard, CAE

Financial controls can be complicated for associations that lack large finance staffs. But if you're smart about cross-training and establish clear processes, you can avoid inconsistencies and problematic audits even if you have a staff of just a handful of people.

For many small to medium-sized organizations, internal controls seem impossible to implement consistently. In the worst-case scenario, policies and procedures are ignored, leading to audit deficiencies and staff frustration....