allfeeds.ai

 

Counting on Chazin  

Counting on Chazin

Author: Chazin & Company

Do you run a nonprofit organization? Then this is the podcast for you! Listen to experts in the nonprofit financial and accounting field discuss the latest topics that impact your organization. From tips to prevent fraud & the impact of cryptocurrency donations to using form 990 to attract more donors and top nonprofit compliance best practices, each episode tackles an important topic in a casual, fun, and simple way to understand.
Be a guest on this podcast

Language: en-us

Genres: Business, Non-Profit

Contact email: Get it

Feed URL: Get it

iTunes ID: Get it


Get all podcast data

Listen Now...

Top Accounting Questions Board Members Should Ask
Tuesday, 18 July, 2023

Jackie McLaughlin, CPA Quality Control and Learning Manager at Chazin and Company, discusses the accounting and financial questions that nonprofit board members should be asking. Jackie elaborates on the importance of active board engagement and the need for board members to ask questions. She begins with a brief story about the Enron collapse to highlight the consequences of not asking important financial questions.With questioning from Julia Patrick, Jackie discuss the concept of fiduciary responsibility, comparing it to being a parent and making decisions in the best interest of the organization. Jackie explains that board members should approach their role as stewards of the organization and ensure that their decisions are in the best interest of the nonprofit.The conversation then shifts to budget-related questions. Jackie encourages board members to ask "who, what, when, where, why, and how" to gain a better understanding of the organization's financial activities and decision-making process. They also touch on the importance of budget assumptions and the need to question them to ensure realistic financial planning.The topic of controls is addressed, with Jackie explaining that controls are in place to prevent and catch mistakes in financial processes. She highlights the importance of internal controls, such as bank reconciliations, and the role they play in detecting errors and deterring fraud. The external component of controls, such as bank statements and audits, is also discussed.The conversation wraps up by mentioning the significance of policies, including conflict of interest and whistleblower policies, and the need for board members to be aware of these policies. Jackie emphasizes the importance of transparency and board involvement in matters related to executive directors' finances

 

We also recommend:


Anishinabek of the Gitchi Gami Podcasts
Anishinabek of the Gitchi Gami Environmental Programs

Ambassadors of Kindness
Brian Splater

Psicologia Da Pandemia
Luis Phylip

The Alliance Podcast
Alliance

Festa del Volontariato 2.0
Gruppo Rangers GRMP

Computación 1
Emmanuel Corona Picazo

merts gangster podcast
Marley Schmidt

Anchor.fm abdirauf-abshir
Abdirauf Abshir

Alimenta Tu Cuerpo Espiritual
Victor Condo daza

MypodCAT's
catherin Duarr

Inclusión laboral
Clau

Dragon Girls and Other Questionable things
Luke Ruiz-Ferrari