Financial Management & Disclosure

Standard number 6
Financial Management

In Details

Every member shall design and implement the internal controls necessary to provide reasonable assurance that all the organization’s resources are acquired and used in a trustworthy manner in furtherance of the organization’s vision and mission, and in conformity with all applicable laws.

Each member is required to account for all financial resources in a transparent manner and to provide complete and accurate financial statements as defined by AfCAA policies. Every member shall provide a copy of its current financial statements to a current or potential donor upon written request.

Scriptural Basis

“So then, each of us shall give an account of himself…” (Romans 14:12)

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Also Check

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