Internal Controls and Risk Management in Non-Profit Organizations

Robust internal controls and proactive risk management are essential for safeguarding the financial integrity and operational stability of non-profit organizations. This article examines principles and practices including segregation of duties, authorization protocols, reconciliations, documentation, physical controls, and auditing. It further explores risk management measures such as revenue diversification, insurance coverage, and crisis planning. Drawing on case examples, the article illustrates how non-profits can prevent fraud, maintain transparency, and strengthen stakeholder trust. By combining theoretical insights with practical frameworks, it provides managers, boards, and finance officers with tools to enhance accountability, resilience, and mission-driven impact.

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Publication Details

Published
2025-01-01
DOI
https://doi.org/10.64357/neya-gjnps-fnmnbstprtl-07
Primary Topic
Accounting and Organizational Management
Type
article
Field-Weighted Citation Impact
0.00
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article

Internal Controls and Risk Management in Non-Profit Organizations

Anna Neya Kazanskaia
Accounting and Organizational Management
article

Internal Controls and Risk Management in Non-Profit Organizations

Anna Neya Kazanskaia
article en

Abstract

Robust internal controls and proactive risk management are essential for safeguarding the financial integrity and operational stability of non-profit organizations. This article examines principles and practices including segregation of duties, authorization protocols, reconciliations, documentation, physical controls, and auditing. It further explores risk management measures such as revenue diversification, insurance coverage, and crisis planning. Drawing on case examples, the article illustrates how non-profits can prevent fraud, maintain transparency, and strengthen stakeholder trust. By combining theoretical insights with practical frameworks, it provides managers, boards, and finance officers with tools to enhance accountability, resilience, and mission-driven impact.

Openalex Percentile: Top 57%
Accounting and Organizational Management
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