Practice 6C: External Financial Evaluation

This 15-minute course covers Practice 6C and is an overview of professional accounting services and factors for land trusts to consider when selecting a service. A separate module, A Closer Look at Audits and Single Audits, covers what you can expect when engaging in an audit.

This 15-minute course goes into detail about what a land trust can expect when engaging in an audit.

A previous module provided an overview of the types of professional accounting services available and factors for land trusts to consider when selecting a service.

This guidance covers Practice 6B: Keep financial records in accordance with Generally Accepted Accounting Principles (GAAP) or Other Comprehensive Basis of Accounting (OCBOA).

This guidance covers Practice Element 3A2: Board Financial Oversight.

Finding a qualified auditor who has experience (ideally) with land trusts or (at a minimum) with nonprofits is key to smooth process. This document provides tips for choosing the right person.

Sample evaluation form for the External to the Organization journey of the Framework and Resources for Change.

This guidance covers Practice 6A: Fiscal Health.