For our 35th episode, we delve into the financial reporting requirements under the new BC Societies Act. Maria Turnbull interviews Chris Adams-Brush, Accounting Manager at Enkel, a bookkeeping firm offering high-end bookkeeping services to small and medium-sized organizations.
Chris demystifies requirements for disclosure of employee, contractor, and director remuneration. He recommends taking a look at the New Societies Act & Transition Resources as well as other organization’s publicly available financial statements to see the ways in which compliance is easily achieved in this important area (e.g., note 14 on pg. 16 of the BC Children’s Hospital 2016-2017 Financial Statements is available here). BC Law for Nonprofits is also a great resource for not-for-profit organizations.
Presented by Humanity Financial Management
From our Vantage Point is brought to you by Humanity Financial Management, a Chartered Accounting firm dedicated to helping Canadian not-for-profit, charitable and social enterprises build capacity for strong internal financial management. Humanity Financial Management’s part-time controllers and CFOs provide support for budgeting, reporting, audit preparation, policies and procedures, and internal controls. Their results: Financial risk reduction and asset protection. Visit Humanity Financial Management online at humanityfinancial.ca.
After working in London and completing her MBA at INSEAD in France and Singapore, Maria Turnbull joined Vantage Point’s team in 2006. Rooted in the not-for-profit sector through numerous leadership roles with the British and Canadian Red Cross Societies, OXFAM and Amnesty International, Maria loves...