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

Jane Bonk, Ph.D., LCSW

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

Dr. Jane Bonk is a team leader, evaluator, and commissioner who has led over 25 site visits for COA.
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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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