In the era of the 24-hour news cycle and instant social media amplification of any scandal, non-profits must be more transparent than ever. Donors have heard too many horror stories of fraud and poor financial leadership recently.
So, how can audits help? Well, as the National Council of Nonprofits says, an organisation “can build its reputation for integrity, transparency and professionalism” by having a regular independent audit conducted and making it available to its stakeholders and the public. Funders want to know their money is in safe hands, so prove it.
Join this Third Sector webinar, produced in partnership with Sage Intacct, for tips and advice on how to achieve a quick and cost effective audit. Our panel of experts will talk through which areas of a non-profit’s financial statements represent the highest risk and will provide insight on some of the tools that are available to help your organisation get organised and ready to produce regular audit-ready financial reports.
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Katarzyna (Kasia) Khider is a CIMA-qualified Chartered Global Management Accountant, currently employed as Head of Finance at Rays of Sunshine, a charity granting wishes of seriously ill children.
Kasia worked with number of non-for-profits since 2006, including Emmaus Greenwich (homelessness charity), Peace Direct (peacebuilding INGO), and Start Network and also was a Treasurer of Mermaids UK.
She is a member of Charity Finance Group Mentoring Scheme and she has lots of experience liaising with external auditors and is happy to share the lessons learnt.
Hobby Dean is a Senior Solution Consultant within Sage Intacct working exclusively within the Not-for-Profit Team. Financial stability and sustainability is now more important than ever with pressure to deliver more for less. Utilisation of technology can help organisations not only to streamline their operations but also provide the means to increasing funding if used in the right way.
Editor at Third Sector magazine UK