Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

Exercise 42

Go to the website https://www.independentsector.org/governance_ethics_resource_center and click on Strong Financial Oversight. After registering, the site will then provide a list of principles such as financial records, annual budget, and financial performance. For one or more of these principles, click on and read about the Core Concepts. Write a short report on the types of policies, actions, and procedures a private not-for-profit entity should take to help ensure proper financial transparency and accountability.