How non-governmental organisations,religious and politics provide for ABET?
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NON-GOVERNMENTAL organisations (NGOs) play a significant role in today’s society, typically picking up the government’s deficits in services and social protection for citizens via the philanthropy of donors and the socially aware.
Consequently, diverting funds from the core business to cover regulatory expenditure, including audits, has an element of depriving those in need – and it is the reasoning underpinning decisions to discount fees.
BDO Durban Audit Partner, Sally Juckes says auditing NGOs’ books ensured accountability for the donors, but it was also an opportunity for the auditing firm to give back to the community.
“It is rewarding to be able to contribute to society, knowing that people working in the NGO sector have a common goal – to educate and uplift the members of their society and to invest in future generations,” she says.
NGOs are non-profit organisations independent of state and international governmental organisations; are usually funded by donations and may rely heavily on volunteers for their operation. Highly diverse, NGOs are engaged in a wide range of activities and take different forms globally.
In South Africa numerous NGOs face serious financial and capacity challenges with many already closing down or scaling back their activities. This is despite the country facing increasing developmental challenges in arenas including health, education and poverty alleviation.
Consequently, diverting funds from the core business to cover regulatory expenditure, including audits, has an element of depriving those in need – and it is the reasoning underpinning decisions to discount fees.
BDO Durban Audit Partner, Sally Juckes says auditing NGOs’ books ensured accountability for the donors, but it was also an opportunity for the auditing firm to give back to the community.
“It is rewarding to be able to contribute to society, knowing that people working in the NGO sector have a common goal – to educate and uplift the members of their society and to invest in future generations,” she says.
NGOs are non-profit organisations independent of state and international governmental organisations; are usually funded by donations and may rely heavily on volunteers for their operation. Highly diverse, NGOs are engaged in a wide range of activities and take different forms globally.
In South Africa numerous NGOs face serious financial and capacity challenges with many already closing down or scaling back their activities. This is despite the country facing increasing developmental challenges in arenas including health, education and poverty alleviation.
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