A financial expert reviews your budgeting, reporting and financial monitoring practices, and makes recommendations for improvements. The goals of this process are to enhance your financial reports in order to maximize their utilization by both Staff and Board Members.
Our structured review includes an examination of the following areas:
- Reporting of Results - how are results monitored and compared to budget, and what actions are taken to respond to changing conditions.
- Review of financial statements and annual reports.
- Review of Internal Controls – cash receipts and disbursement procedures and bank reconciliation process.