Are there additional financial controls that charities working internationally have to consider?
34. Charities working internationally need to extend their risk management strategies to include their overseas activities. Charities working internationally will encounter particular risk that may, if not controlled, pose particular threats to the achievement of programme objectives. 35. One element of risk is financial loss – either as a result of fraud or funding being applied inappropriately. Adequate financial checks play an important part in mitigating or reducing such risks as well as demonstrating to potential donors and beneficiaries that a charitys property is being used effectively for the benefit of its users. In addition to supporting public confidence in the integrity of charity generally, the activities of any charity must be verifiable and accountable and permit effective supervision by the Court or the Commission, should that prove necessary.36. Basic financial controls for all charities are set out in our booklet “Internal Financial Controls for Charities” (CC8). Any
