Government and Non-Profit Accounting

Paper Summary:

The article "The New Realities of Non-Profit Accountability" by Peter Shiras discusses the accounting system for government and non-profit organizations and provides an overlook to the effects on our society and municipal lifestyle. This paper examines the article and discusses the main points put forward in the original article.

Outline:
What Is Different This Time?
Effects from September 11th
Failure of Government Regulators
Where Has The Sector Fallen Short?
Abuse of Trust and Privileges
Lack of Credible Self-Regulation
Crisis of Governance
Failure of Governance Denounced
Move Towards Increased Government Regulation

From the Paper:

"The main thinking in the article was the point in which the author makes it clear that the failing of governance systems for NPO's does not make an impact on anyone at all when the situation went from bad to worse. Whether or not every charge or unethical practice in these articles is true, a clear pattern emerges. The author also discusses few other articles presenting the same idea "A failure of governance a persistent and systematic failure of boards to exercise their legal, fiduciary and ethical duties to oversee the policies, practices, finances and CEO's of the organizations they serve - is the single most persistent theme. Governing boards have ultimate legal and fiduciary responsibility for oversight of non-profit and philanthropic organizations and these articles indicate that serious and deeply rooted problems afflict the system of non-profit governance."

Sample of Sources Used:

• Shiras, Peter. 2003. "The new realities of non-profit accountability". Retrieved from http://www.allavida.org/alliance/dec03c.html on 2007-05-08.

More papers on Government and Non-Profit Accounting:

• Analytical Essay # 126932 : "Paradoxes and Non-Profit Organizations"
• Research Paper # 119123 : "Managing a Non-Profit Organization"
• Dissertation or Thesis # 105856 : "Board Committees in the USA"

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