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By Paulette Vinette, CAE, and Stuart Hartley, FCA (Published by CSAE)
How can board members improve the tone at the top? Have we successfully communicated our ethics, values, mission, and vision? What proof do we have? Do we have anti-fraud controls in place to avoid management override of these controls, misappropriation of assets, and production of fraudulent financial statements?
Along with senior staff, directors and other volunteers of not-for-profit groups are accountable for the wellbeing of their organization. This requires careful definition and management of these and other risk factors in order to protect the organization, its leaders and its assets.
As co-authors of this publication, Paulette Vinette, CAE—a former president and CEO of CSAE—and Stuart Hartley, FCA—president of a consulting firm specializing in risk management, IT and inernal auditing services—have collaborated to develop this very effective framework for risk management that's adaptable to any not-for-profit organization. This revised version presents updated material in a format that makes it even easier to apply to your organization’s unique circumstances.
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