Question
You have just secured a contract to provide financial analysis services to a small nonprofit dog advocacy organization, FREEPLAY (Friendly Reliable Environmentally Evolved Pet Lovers'
You have just secured a contract to provide financial analysis services to a small nonprofit dog advocacy organization, FREEPLAY (Friendly Reliable Environmentally Evolved Pet Lovers' Alliance, Yes!) The organization is heavily reliant on volunteers, including a volunteer Executive Director and a couple of part-time contract employees. You quickly realize that the organization keeps sloppy books and has not organized a system of financial controls. There are several large checks from the Executive Director for purchases that nobody can explain and you are having difficulty reconciling smaller cash outlays made by various members of the organization. In about 100 words, make a recommendation to the executive director that outlines a process of internal financial controls that can improve financial management moving forward. Please identify and justify the rationale for three management controls you recommend.
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