The board of directors of a nonprofit organization has legal responsibility for the organization’s work. The board is responsible for short and long-term planning, and they must ensure that systems are in place for administering and effectively using resources and guarding against misuse. In order to fulfill their responsibilities, board members must be able to rely on financial information that is accurate, timely, in context, and appropriate.

Intended audience

Any nonprofit directors, managers, or any other staff tasked with communicating financial information of the organization to the board. Individuals new to these roles are highly encouraged to attend, and those with prior experience may still find the information presented useful as well.