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Misgivings Recent studies raise an uncharitable question: Is nonprofit accounting off track?

Joseph McCafferty, CFO Magazine
January 4, 2007

Non-profits under scrunity in Singapore

Your story on the accounting standards of non-profits is timely. Right this week, there is a trial raging in the Singapore courts examining the costs involved in raising funds of the National Kidney Foundation by its previous board which was ignominiously
booted out last year.
It appears to me that the most successful non-profit organisations these days are being run by very entrepreneurial folks, using very strong commercial techniques. There is nothing wrong in that, except that it must be accounted for. Things get very messy when these folks loss the plot and mix for-profit thinking for non-profit purposes and then hide the motives from the people who generously give to them.

Posted by Emmanuel Daniel | Jan 9, 2007 10:08 PM ET