A financial expert can review your budgeting, reporting and monitoring practices and make recommendations for improvements. The goal of this process is to enhance your financial reports in order to make them more useful to both board and staff members. It will also give you a high-level review of the financial strengths and weaknesses of your organization.
Our structured review includes an examination of the following areas:
- Reporting of results – how results are 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 such as cash receipts and disbursement procedures and bank reconciliation process