Is your nonprofit's finance department prepared to face the challenges of a post-Covid-19 world? Here are some of those challenges:
Increased risk of fraudulent activity
Operating in a virtual workplace
Increased demand for financial data and financial reporting
Do not wait until a problem arises…It may be too late! Some questions your finance department should consider and actions they should undertake:
Did your operating processes change due to a downsized workforce? Review and document your operating processes and ensure they include proper internal controls. This will mitigate the risk of fraud and provide for the ongoing operation of the finance department.