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Internal Controls and Financial Accountability for Not-for ...

Internal Controls and Financial Accountability for Not-for -Profit BoardsAttorney GeneralANDREW CUOMOC harities Bureau120 BroadwayNew York, NY 10271(212) York State Attorney General Andrew Cuomo is pleased to offer this booklet to assist currentand future boards of directors and officers of New York Not-for -profit corporations (and, by analogy,trustees of New York charitable trusts and other charitable entities) to understand and carry out theirfiduciary responsibilities to the organizations they serve. The booklet contains general information concerning Internal Controls for the protection andoversight of charitable assets. The Attorney General publishes another booklet, Right From the Start -Responsibilities of Directors and Officers of Not-for -Profit Corporations, which describes basicresponsibilities of boards of Not-for -profit corporations.

responsible for managing and preserving the charitable assets that benefit all of us. The following guidelines are designed to assist board members and others in carrying out their oversight of these assets. 2 ... Review all journal entries proposed by the auditors.

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