WHO IS ACCREDITED?

Private Organization Accreditation

Lutheran Social Services of New England is a high-performing nonprofit organization. LSS is a powerful difference maker and go-to resource, driving ourselves to constantly anticipate futures that are different from the past. For 140 years, LSS has been caring for people in need in New England.
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VOLUNTEER TESTIMONIAL

Bonnie Bagley

Volunteer Roles: Evaluator; Lead Evaluator; Peer Reviewer; Team Leader

I have found that being a COA Volunteer builds my professional skills and experience in ways that more traditional workshops do not. The opportunity to learn about best practices through the COA standards and then see how agencies implement them is truly a growth experience.
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Purpose

The nonprofit organization’s financial accountability and viability are achieved through the application of sound financial management practices that accord with legal and regulatory requirements.

FOC
FIN 2: Internal Control Environment

The organization establishes an internal control environment that promotes ethical financial management and includes mechanisms for: 
  1. review and oversight by the governing body’s audit committee; 
  2. conducting ongoing monitoring of the effectiveness of internal control policies and procedures; 
  3. management review by more than one individual; 
  4. assuring that management directives are carried out
  5. prevention of error, mismanagement, or fraud; 
  6. safeguarding and verification of assets; 
  7. segregation of duties to the extent possible; and
  8. governing body or designated committee approval of unanticipated financial transactions that have a significant impact.

Rating Indicators
1
The organization's practices reflect full implementation of the standard.
2
Practices are basically sound but there is room for improvement; e.g.,
  • Two of the elements are not fully addressed.
3
Practice requires significant improvement; e.g.,
  • Three elements are not fully addressed or one element is not addressed at all; or
  • An internal control manual is not present, but procedures loosely exist for some of the elements.
4
Implementation of the standard is minimal or there is no evidence of implementation at all; e.g.,
  • Fraudulent practices or serious financial mismanagement has occurred have occurred, and problems have not been remediated; or
  • Four or more elements are not fully addressed, or at least two elements are not addressed at all.

Table of Evidence

Self-Study Evidence On-Site Evidence On-Site Activities
    • Internal financial control policies and procedures
    • Governing body/audit committee minutes
    • Interview:
      1. Governing body audit and finance committee members
      2. CEO/CFO
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