Plugging the holes: CAs can use their special skills to help not-for-profit boards of directors deal with problems of authority and accountability

Article Abstract:

Chartered accountants have special abilities to help boards of directors operate and handle problems on authority and accountability of not-for-profit societies. CAs must review and revise the CEO's job description in a clear, brief and simple way, focusing on accountability for achieving results. CAs must consider the value of developing realistic terms of reference for committees and are best started from top to bottom, beginning with the organization's formal objectives, aims and plans. Lastly, CAs should review board effectiveness, focusing on timing to improve it.

Religious, Grantmaking, Civic, Professional, and Similar Organizations, Nonprofit Institutions, Board of Directors-Functions, Management, Corporate directors, Powers and duties, Nonprofit organizations, Boards of directors

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Down with gobbledygook

Article Abstract:

Chartered accountants have been cited as one of the most underrated professionals over the past few years. Even if they fill a substantial role in the community, their lives and contributions have not been widely recognized by the public. Such may be attributed to the rule-oriented nature of their jobs and their highly developed critical skills. However, the trend has been gradually concealed in the 1990s when chartered accountants assume a more modified role in gauging performance, seeking cost-cutting alternatives and quantifying competitiveness.

Evaluation, Accounting, Practice

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