Winning Back-Office Strategies to Boost Your Business Agility
VIEWpoint Issue 1 | 2023
2023 Compliance Trends: Staying Ahead in an Evolving Regulatory E...
As a nonprofit organization, your board officers, directors, trustees and key employees have a duty to avoid conflicts of interest. Any direct or indirect financial interest in a transaction or arrangement that might benefit the individual personally could result in the loss of your organization’s tax-exempt status – and its reputation.
Here’s a quick checklist to gauge whether your not-for-profit is doing what it takes to avoid conflicts of interest:
If you answered “no” to any of these questions, Doeren Mayhew’s dedicated Governmental and Non-Profit Group can help you make sure that you have an adequate conflict-of-interest policy in place and a full set of procedures to support it. For more information, contact our Michigan CPAs, Houston CPAs or Ft. Lauderdale CPAs.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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