The organization rarely assesses The organization periodically The organization regularly financial risks assesses financial risks assesses and mitigates financial The organization does not risks assess financial risks An internal or external audit or An internal or external audit or assessment has found assessment has found some An internal or external audit or An internal or external or significant weaknesses or weaknesses or deficiencies in assessment has found no assessment of internal controls deficiencies in internal controls internal controls that have been significant weaknesses or has not been done or has found that have only been partially fully corrected deficiencies in internal controls uncorrected significant corrected weaknesses or deficiencies 2.4 Bank Account Management Subsection Objectives: Assess whether bank accounts properly separate donor and project funds and personal funds and bank records are properly reconciled and reviewed Resources: Financial manual, accounting journals, chart of accounts, general ledger, financial statements and annexes, bank records, and financial staff questionnaires or interviews Low Capacity Basic Capacity Moderate Capacity Strong Capacity 1 2 3 4 2.4 Bank Account The organization has no bank Donor funds are in separate Donor funds are in separate Donor funds are in Management accounts bank accounts for each award bank accounts for each separate bank accounts award for each award All donor funds are co-mingled in Personal funds are not kept in a single bank account the organization’s bank Personal funds are not kept Personal funds are not accounts in the organization’s bank kept in the (NUPAS 2.1) Personal funds of board accounts organization’s bank members or managers are kept Bank accounts are usually accounts in the organization’s bank reconciled and reviewed by Bank accounts are accounts management at once a Bank accounts are consistently reconciled and month reviewed by management at consistently reconciled Bank accounts are not once per month and reviewed by reconciled and reviewed by management at management at once per once per month month
The organization does not assess financial risks An internal or external or assessment of internal controls has not been done or has found uncorrected significant weaknesses or deficiencies The organization rarely assesses financial risks An internal or external audit or assessment has found significant weaknesses or deficiencies in internal controls that have only been partially corrected The organization periodically assesses financial risks An internal or external audit or assessment has found some weaknesses or deficiencies in internal controls that have been fully corrected The organization regularly assesses and mitigates financial risks An internal or external audit or assessment has found no significant weaknesses or deficiencies in internal controls 2.4 Bank Account Management Subsection Objectives: Assess whether bank accounts properly separate donor and project funds and personal funds and bank records are properly reconciled and reviewed Resources: Financial manual, accounting journals, chart of accounts, general ledger, financial statements and annexes, bank records, and financial staff questionnaires or interviews Low Capacity Basic Capacity Moderate Capacity Strong Capacity 2.4 Bank Account Management (NUPAS 2.1) 1 2 3 4 The organization has no bank accounts All donor funds are co-mingled in a single bank account Personal funds of board members or managers are kept in the organization’s bank accounts Bank accounts are not reconciled and reviewed by management at once per month Donor funds are in separate bank accounts for each award Personal funds are not kept in the organization’s bank accounts Bank accounts are usually reconciled and reviewed by management at once a month Donor funds are in separate bank accounts for each award Personal funds are not kept in the organization’s bank accounts Bank accounts are consistently reconciled and reviewed by management at once per month Donor funds are in separate bank accounts for each award Personal funds are not kept in the organization’s bank accounts Bank accounts are consistently reconciled and reviewed by management at once per month
ocawithoutfacilitatorsguidewithnupas_7.27.2015.docx