FINANCIAL MANAGEMENT AND INTERNAL CONTROLS IN NGO’s PROMOTE BETTER HUMANITARIAN FUNDS MANAGEMENT

Autori

  • Agron Ferati i-APS, consulting frm the USA, Ph.D. Student Alfa BK University Belgrade, Serbia

DOI:

https://doi.org/10.56362/Rev2298099F

Ključne reči:

fund raising, corruption, non- governmental organization

Apstrakt

NGOs receive funds from multiple sources, including government funding agencies, charitable trusts, associations, individuals, faith-based entities, and organizations. Even though international non-governmental organizations play a crucial role in positively affecting the lives of individuals, there are documented cases of theft, corruption, and fraud, which limit the effectiveness of these organizations. For this reason, it is important to come up with financial management practices that will ensure that the funds raised are directed to the set purposes they are intended for.

Reference

(1) Bajary, A. R. (2019) The Influence Of Accounting Systems On Financial Accountability In Non- Governmental Organizations. https://www.researchgate.net/publication/337464702_The_influence_of_accounting_systems_on_financial_accountability_in_non-governmental_organizations

(2) Bono, (2013). Transparency is the vaccine against corruption. Forbes speech https://www.forbes.com/video/2888573876001/bono-transparency-is-the-vaccine-against-corruption/?sh=6e1321fc1532

(3) Chorafas, D. N. (2001). Implementing and auditing the internal control system. Palgrave. http://www.microlinkcolleges.net/elib/files/undergraduate/AccountingandFinance/Implementing%20and%20auditing%20internal%20control%20system.pdf

(4) Fowler, A. (1996). Assessing NGO performance: difficulties, dilemmas and a way ahead. Non-Governmental Organisations: Performance and Accountability Beyond the Magic Bullet, 143-56.

(5) Helmer, E., & Deming, S. H. (2011). Non-Governmental Organizations: Anticorruption compliance challenges and risks. Int’l Law., 45, 597. https://core.ac.uk/download/pdf/216908548.pdf

(6) How we did it – Transparency International Global Health. https://ti-health.org/how-we-did-it/

(7) Martinez, J. S. (2013) The Anti-Slavery Movement and the Rise of International Non- Governmental Organizations. In The Oxford Handbook of International Human Rights Law.

(8) Mikeladze, A. (2021). Financial Management Role for NGOs. https://revistia.com/files/articles/ejes_v7_i1_21/Mikeladze.pdf

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Objavljeno

2022-06-26

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