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The document discusses a reflection on a non-profit organization's lack of proper management practices and internal controls. Key issues identified include a lack of management knowledge and skills among employees, improper compensation of employees, unreliable financial reporting, weak internal controls, and negative cash flows. It is recommended that the organization implement training programs, improve hiring practices, strengthen internal controls and financial reporting, cut unnecessary expenses, and integrate proper regulations to address these issues and ensure future compliance, productivity and positive cash flows.

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mona asghar
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20 views3 pages

Course Name Course Code Student Name Student ID Date

The document discusses a reflection on a non-profit organization's lack of proper management practices and internal controls. Key issues identified include a lack of management knowledge and skills among employees, improper compensation of employees, unreliable financial reporting, weak internal controls, and negative cash flows. It is recommended that the organization implement training programs, improve hiring practices, strengthen internal controls and financial reporting, cut unnecessary expenses, and integrate proper regulations to address these issues and ensure future compliance, productivity and positive cash flows.

Uploaded by

mona asghar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1

Course Name

Course Code

Student Name

Student ID

Date
2

Reflection
As the company is non-profit but there is lack of management practices because engineers are
hire and they have no knowledge about management. So, the company fail maintain the internal
control and carrying the corporate objectives of organization. The systematic and independent
analysis shows that overall performance and activities not meet efficiently due to lack of
management efficiency. Indirectly these factors reflect the culture of organization is not
according to the proper structure. Moreover, there is lack of cash flows, financing and
accounting knowledge that creates liquidity problems. So, there is need to implement the proper
management system for hiring new candidates and training existing employees to make the
internal control more effectively.

The management audit and current condition reflects that as compare to private firms the
employees are underpaid. It reflects that there is need to realign the proper strategic action to
compensate employees and govern such rules that facilitate employees. Moreover, the
organization must focus toward the service quality that deliver to orphans, must eliminate paid
work and increase the employee’s participation in operational performance without any
remunerative interest. There is lack of accurate and fair representation about the financial
statement.

The organization must follow the suggestion of Thuriya who is a bank manager and cut the
unusual expenses. There is need to instruct the effective administration management to present
the financial report fairly and accurately without any compliance. In this way the financial
reports properly deal with all resources and also comply with also legal regulations and avoid
sanctions.

Through risk assessment it is analyze that there is week internal control, responsibilities are not
manage equally because there is lack of employees motivation and underpaid. So, through
training, hiring and effective internal control the transparency and accountability of non-profit
organization enhance. Moreover, the risk assessment of audit reflects that due to lack of
cohesiveness and skill set not only management influence and leads toward low productivity but
also create negative cash flows.
3

In this case as per auditor framework the opinion about organization is adverse because there is
no proper system for management control, lack of motivation and unreliable and wrong doing
accounting practices that generate negative cash flows. I found that entire case reflects
materially this organization deviates from GAAP standards. So, there is need to integrate proper
regulations, policies and laws that mitigate such compliance and sanction and make organization
more productive with positives cash flows in future.

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