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7 Essentials Of Nonprofit Financial Management

The Charity CFO

Accountability for everyone involved. When creating your fiscal policy, ensure that it complies with the Generally Accepted Accounting Principles (GAAP). Make board members accountable. Create transparency and accountability required by the board and IRS. Better information dissemination. Unbiased decision-making.

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How Compliance Rules Vary For State- Vs SEC-Registered RIAs

CFO News Room

Though Section 203(c)(1)(D) of the Advisers Act contemplates the possible adoption of a rule that requires the submission of a balance sheet certified by an independent public accountant and “other financial statements,” the SEC has to-date not adopted such a rule. fee deduction authority), it can avoid the annual surprise exam.