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Inside Internal Controls

News and discussion on implementing risk management

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What do audit committees think about risk and audit?

I am encouraged by the latest KPMG report, their 2017 Global Audit Committee Pulse Survey. I am encouraged because KPMG appears to be asking the right questions and getting intelligent answers.

 

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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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Evolving employment contract law, political activities and charities

Non-profit organizations may not consider it priority number one, but reviewing your legal compliance will protect your organization’s finances, your reputation, your directors and donors—even your organization—from shifting legal sands.

 

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Employee monitoring software an unnecessary violation of privacy

A municipality in British Columbia showed a “near-complete lack of awareness and understanding” of BC’s Freedom of Information and Protection of Privacy Act and made no effort to assess potential privacy violations when it implemented employee-monitoring software on the computers of a dozen high-level employees, including the mayor.

 

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Lawyers’ commitment to clients’ cause a ‘principle of fundamental justice’

Lawyers are not required to collect client financial information, prepare reports on that information and submit to warrantless searches from the Financial Transactions and Reports Analysis Centre of Canada under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act

 

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Is it really possible to control employees’ use of company computers?

Policies can help you manage employees’ and others’ use of company IT resources, and dramatically reduce the potential risk to you and your assets.

 

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Supporting and controlling not-for-profit revenues

It’s a rare not-for-profit that isn’t spending a great deal of its time and attention scrabbling for revenue. In fact, it hardly needs to be said that effective generation and management of revenue flows are almost always critical success factors for not-for-profits.

 

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Eighteen-year tax battle with the CRA a win for taxpayers

Irvin Leroux fought the Canada Revenue Agency for 18 years over allegations of unpaid taxes and gross negligence. Despite losing some of Leroux’s original documents, the CRA eventually claimed he owed close to a million dollars in taxes, penalties and interest for three years when he was starting his RV park business in British Columbia.

 

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Government updates corporate social responsibility strategy for extractive industry abroad

A review of the federal government’s 2009 corporate social responsibility strategy (CSR) for the Canadian extractive industry operating in foreign countries found companies are recognizing “the need to consider CSR in planning and operations,” but are asking the government for more assistance…

 

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First international standard on cloud services and personal information protection

The International Standards Organization has released a standard for privacy aimed at cloud computing service providers.

 

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Cross-border regulatory cooperation enters new age

For three and a half years, Canada and the United States have been experimenting with ways to improve cross-border cooperation and coordination among national regulators to make processes more efficient and effective and improve access to markets…

 

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Non-profits: know what you want before asking for money

For non-profit organizations and charities, fundraising is always top of mind. That means asking people and companies for money—sometimes lots of money. There’s no single way to go about this task but organizations will certainly make it easier on themselves by understanding themselves, building their profile and maintaining strong relationships with donors and potential donors. Alberta Culture has published a guide to help non-profits and charities do just that.

 

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Marketing compliance news

E-commerce offers tremendous opportunities for non-profits. Large advertising budgets are no longer necessary to reach a broad audience. Volunteers can be more easily coordinated, charitable receipts issued relatively inexpensively, special events registration managed with far less human intervention required. This is all good news for non-profits. But along with this new e-reality have come new e-headaches.

 

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Business guidelines on how to destroy personal information

Organizations collect more and more personal data these days—from customers and employees. With all of this new data in their hands, organizations may be tempted to hold onto it without an express purpose, or they may be unsure what to do with it once it has served its original purpose.

 

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