In 2003, several members of the Not-For-Profit Committee of the Greater Washington Society of CPAs (GWSCPA) formed a subcommittee to focus on accountability issues facing small and midsized nonprofit organizations. Calling themselves the Accountability Task Force (ATF), members of this committee, representing CPA firms, nonprofit service organizations, independent consultants, and nonprofit leaders, began to develop plans for a website.
Invoices may need to be prepared for a number of reasons. Some organizations sell books or newsletters for a fee. Others require registration for meetings or bill for dues.
GWSCPA Accountability Task Force provides the information in this website and e-newsletter for general guidance only and does not constitute the provision of payroll advice, legal advice, tax advice, accounting advice, investment advice, or professional consulting of any kind.
Proper internal controls are essential for all organizations. An important part of ensuring internal controls work effectively is to make sure everyone - including the board, executive director, treasurer, administrator, and other responsible parties - understands their roles and responsibilities when it comes to managing the organization's finances. This includes approving cash receipt and disbursement processes, overseeing expenses, utilizing a budget, and making sure funds are never missing or mismanaged.
The GWSCPA Nonprofit Financial Accountability Task Force is a nation-wide collaborative comprised of members of the accounting and nonprofit communities that seek to strengthen the nonprofit sector in the US by improving financial accountability in the sector through ongoing education initiatives and robust discussion of current topics.
Members of the task force are available for presentations relating to financial accountability issues by contacting us.
