A person whose life is defined by gratitude is one who chooses to look and respond to what positively moves them in life. Nobody is exempt from chaos, challenge, adversity, or the unknown. Therefore, it is our ability to reflect, recognize, and act in gratitude that sets the tone for what our lives are marked by.
Having consistent internal controls set in place is a fundamental practice in stewarding church funds for the mission. Internal controls also provide protection to the employees. Although employees might push back against unsupported accusations of fraud that could arise, small consistent policies and procedures can help protect employees and the church.
In comparison to any other time in history, our world is changing at an explosive rate. Some changes come banging on our front door without any warning. While other changes stem from desires that we may be uncertain on how to bring to fruition. Needless to say, the problem in this day in age is not options or opportunity!
Each NFP has the ability to choose what kind, where, and how they want to place controls in their process. No matter the selection, it is good practice to have a combination of preventative and detective controls.
Every person within a team has a valuable perspective. Part of our perspectives are formulated by the roles and responsibilities that we have. While another big aspect is shaped by personal experiences, behaviors, realizations, and aspirations.
As a result of having a HUD-insured mortgage loan, there are rules and regulations that need to be followed to remain in compliance. When certain requirements are violated, the result can be a finding in the annual audit to be filed with Real Estate Assessment Center (REAC) within the Financial Subsystem Assessment (FASSUB).