Safeguard Your Assets: Understanding and Implementing Internal Controls

Gain a good understanding of the internal controls a nonprofit should have in place to mitigate the risk of material errors or fraud.  Good internal controls are expected not only by IRS but by donors and grantors.

Learning Objectives
- Understand components of good internal controls
- Understand how to evaluate risk
- Know how to implement various controls over key financial areas

Level
Introductory: for board members, executive directors and staff wishing to learn more about improving the credibility of their organization and increase efficiency.

Presenters
Ron Schranz, CPA and Cheryl Silcox, CPA with Burt & Company CPAs, LLC

Ronald E. Schranz, CPA,  Burt & Company’s Director of Audit & Accounting Services and a Member of the firm, brings over 25 years accounting experience, including both public and private depth, including being the controller of a $100 million revenue manufacturing and distribution company. He has been an active member of many professional and charitable organizations. He is currently an active board member of The Kiwanis Club of Albuquerque and a past board President of the Make-A-Wish Foundation of New Mexico.

Cheryl Silcox, CPA, is the firm's Audit & Accounting Department Manager. She has 15 years of experience in the public accounting realm, which includes 4 years in which she owned her own consulting firm. The majority of her experience has been in auditing and accounting of federally and state funded governmental and non-profit entities. She has extensive non-profit, yellow book, single audit, and financial reporting experience.