Oct. 30, 2015
6:14 p.m.
Enron had those too, right?
I see the purpose of legally enforceable financial transparency in the case of a non-profit or charity as not principally to prevent fraud and corruption (although it has a beneficial effect in that area) but to allow the members of the organisation to inspect what the appointed and elected officers are up to, and apply corrective measures if they are wasteful, inefficient or incompetent. Either way, it's very important.