This session reviews a number of leading practices for considering conflict of interest (COI), financial transparency and governance processes for a Not-for-Profit (NFP).
With today’s uncertainty and volatile economy, all organizations are at peril for becoming less important in the eyes of their stakeholders. The current pandemic has left no rock unturned. Not-for-profit entities are as “at risk” similar to other organizations. In this time, ensuring your stakeholders trust your organization, believe in your ethical principals’ and embrace your governance policies will be key factors to surviving and thriving during this time. Not-for-Profit’s exist for a mission. It is critical they obtain the public’s trust. This is done through commitment to ethical principals’, transparency and accountability.
This session reviews a number of leading practices for considering conflict of interest (COI), financial transparency and governance processes for a Not-for-Profit (NFP).
Field of Study: Accounting
Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 24 years of her experience has been working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. In 2011, as the Chief Audit Executive for an international construction/ engineering firm, she was involved in the active investigation of a joint venture fraud. The investigation included work with the FBI and ultimately led to indictment of the perpetrators and recovery of $13M. Ms. Fountain is currently engaged in her own training and consulting business and is a regular trainer for the AICPA. Ms. Fountain is the author of three separate technical books. “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation. -“Leading The Internal Audit Function” and -“Ethics and The Internal Auditor Political Dilemma” were published by Taylor & Francis In addition Ms. Fountain was a contributing author to the certification program exam for the National Association of Accountants. She also has certificate programs on various on-line platforms. Ms. Fountain has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate (non-active).
