Consequences for nonprofit of failure of internal controls

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Reference no: EM132227980

1) Some people argue that nonprofit organizations should not have endowments at all. Some argue that putting aside money in an endowment deprives today's generation of the benefit of those resources. Why are tomorrow's needy more deserving than today's? Do you agree or disagree? Why?

2) The public appears to expect nonprofit organizations to exercise a special duty of care with charitable funds. Why is this, and what are the consequences of this expectation?

3) What are the potential consequences for a nonprofit of a failure of internal controls? Discuss both financial and broader effects.

Reference no: EM132227980

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