Best Practice Financial Reporting Jun19

Aedín Morkan, Partner in Mazars, has been involved in the judging and technical review of the Good Governance Awards since its inception in 2016. As the Head of Not for Profit at Mazars, she supports her Not for Profit clients in achieving high standards of governance, financial management and financial reporting. In this article, she shares her insights on best practice financial reporting for not for profit organisations. The purpose of best practice financial reporting is simple – to achieve greater transparency in work done by not for profits, how they source and spend their money, and how they are governed. The ultimate benefit is greater public trust in the sector.