Many schools do not realise the threat that embezzlement poses to their organisation. By learning more about the threat that their school faces, school finance officers are better prepared to prevent and detect embezzlement in their school.Continue Reading
Donors don’t always know how NGOs intend to spend funds. We can all concede that the very effort of raising funds, require funds. So funds cannot all be allocated to a cause without incurring extra costs like salaries, catering costs, discounted entertainment costs, rent, audit fees etc. Continue Reading
Spreadsheets are too flexible and accessible and they were never intended as business-level tools. They can be changed too easily, they lack internal control, you can’t expect consistent and accurate results and there is the ever looming human error component to consider as well.