Small to medium sized NPF’s struggle with segregating financial duties. Volunteers and Outside experts may play key roles in ensuring the proper segregation of duties. The best course is to segregrate duties to minimize risks and prevent fraud. The following reference charts are available for organizations with two, three, or four employees involved in the outsource function. If you only have one employee, we would recommend including our firm or another outside expert or volunteer to help with segregation of duties.
The following reference charts are provided to provide examples of segregation of duties. Please contact us before you implement any of these suggestions.
This would allow be good time to evaluate your financial department including updating your financial policies and procedures manual for the finance departments responsibilities.