Calvista LLP - Not for Profit: Financial Compliance Matters

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Not For Profit: Financial Compliance Matters
 
As part of the Cochrane and area community, CALVISTA strives to contribute our expertise in making this a great place to work, live and serve .  As your local Not For Profit advisors, we are inviting you to an information session that will be of interest to those in the not for profit sector.

Every NPO organization, whether incorporated or unincorporated, a registered charity or not, has financial compliance obligations that arise from its connections to donors, regulators and other external stakeholders. Meeting those obligations in a timely and cost-effective manner is essential to maintaining your credibility in the community and serving your members. Do you know the answers to some of the following financial compliance questions?

• Is an audit mandated for your organization?
• If not, why might you choose to have an audit anyway?
• Outside of an audit, what other financial compliance obligations might you have to external parties?
• What is the source of those obligations? 
• What are your tax compliance obligations and how do these vary among organizations?
• How can you use an external professional most effectively and efficiently to address financial compliance matters?