This episode, Jarrett is joined by Chief Financial Officer J.R. Parsons (Wyoming, Iota Alpha ’01) to discuss internal controls. Internal controls are methods put in place by a company to ensure the integrity of financial and accounting information meet operational targets and transmit management policies throughout the organization. Internal controls work best when they are applied to multiple divisions and deal with the interactions between the various business departments. We’ll analyze how these practices translate to chapter operations and discuss the importance of keeping your brotherhood clear of liability.
Resource Links Discussed:
PIKE Blog - Internal Controls