Certified public accountants Matthew O’Dell and Kevin Foley with Condon O’Meara McGinty & Donnelly LLP recently led an NPCC workshop discussing how to detect signs of duplicity and the controls… more
How important are separation of duties and strong internal controls in a club environment that does not handle cash and runs on a limited budget?
Occasionally you may hear about fraud at another club. You may even hear a remark that fraud can not happen at our club because our club does not handle or… more
How much of the board’s work should be shared with the membership?
In an era of transparency, the question of how much of the board’s work should be shared with the membership becomes increasingly important. The board must carefully weigh the quest… more
How does a club find the best board candidates?
Most public companies and many large nonprofit organizations have an unlimited pool of potential candidates to fill open board positions. However, private clubs by their very nature are limited by… more
The fiduciary role of the audit committee in private clubs
What is the fiduciary role of the audit committee in private clubs? It is the audit committee’s job to assist the club’s board in fulfilling its oversight responsibilities by monitoring… more