Accountability in Non-Profit Organizations
Obligations Beyond Membership
Non-profit organizations, such as associations, are required to maintain transparency and accountability not only to their members but also as part of their statutory obligations. These organizations enjoy exemption from the complex accounting and record-keeping requirements imposed on for-profit entities.
Transparency and Accountability
Non-profit organizations are obligated to provide financial reports, known as accountability reports, to both their members and the tax authorities. This transparency ensures the responsible and ethical use of resources and fosters trust among stakeholders.
Komentar