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Inside Internal Controls

News and discussion on implementing risk management

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Author Archive - Fred Stewart, Copywriter and researcher

Fred Stewart, BBA, is a copywriter and researcher at First Reference. He is a contributor to Inside Internal Controls and First Reference Talks. One of the topics Fred covers is the Not-For-Profit sector, a sector he has previously worked in. Some of the other areas he writes on include internal controls, employment law and accessibility. Read more here

Revenue cycle risks and controls: Essential questions you should ask about your company’s sales and receivables

The importance of finance and accounting controls goes far beyond complying with legal requirements. In fact, revenue cycle controls are perhaps the most important component of an organization’s overall internal control framework! Not only are revenue cycle controls an organization’s strongest defense against fraud and loss, they help ensure that decisions are made based on […]

 

Internal audit: Essential to minimizing risk

Managing risk in today’s business environment has become a far more complex process than it ever has been. This can be attributed to a number of factors, such as increased government regulation and cyber-based issues. Other factors include uncertain political and economic situations that can arise, sustainable development and environmental concerns. These issues can have a substantial impact on small, medium and large organizations.

 

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Evolving employment contract law, political activities and charities

Learn why you need to review your contracts and advocacy practices with Not-for-Profit PolicyPro

As an Executive Director, there are many different areas that need your attention on a daily basis: strategic direction, fundraising, stakeholder engagement, employee and volunteer management, media relations and grant applications, just to name a few.

With all of these factors to manage, keeping up with changes in legal compliance and CRA requirements may not be perceived as a top priority. However, failing to pay attention to compliance can leave your organization vulnerable to the risk of financial penalties and have a negative impact on your reputation.

I want to highlight a couple of recent issues you may want to consider.

 

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