Internal Controls for Small and Medium Sized Organisations (Part 1)
Small and medium organisations often have limited people involved in a company’s finances which can make it difficult to implement effective internal controls to safeguard assets. However, we believe the controls in small and medium organisations are more critical as the potential impact on their assets is far greater. Over the next few issues of the NFP News we will be providing some examples of basic controls that can and should be applied even in the smallest organisation. See Part 1 below.