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Financial Management

Nonprofit and philanthropic organizations have an obligation to act as responsible stewards in managing their financial resources. Nonprofits and philanthropies must comply with all legal financial requirements. They should adhere to sound accounting principles that produce reliable financial information, ensure fiscal responsibly and build public trust. They should use their financial resources to accomplish their missions in effective and efficient ways and should establish clear policies and practices to regularly monitor how funds are used.

Audit Preparation Checklist

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