Accountability

Novo Ministries believes that it is a necessity to operate in a manner above reproach and adhering to the strictest standards of responsibility and ethics.

Believing that a segregation of duties is imperative to the operation and integrity of our organization, Novo Ministries has established clearly stated procedures for handling each financial area, including a system of check and balances in which no financial transaction is handled by only one person from beginning to end. Duties are divided to reduce the opportunity for error and wrongdoing. The Board and Executive Director share the responsibility for setting a tone and standard of accountability and conscientiousness regarding the organization’s assets and responsibilities. The Board, usually through the work of the finance committee, fulfills its responsibility in part by approving many aspects of the internal control accounting system.

We seek to balance our internal accounting controls in such a way as to ensure public confidence and maintain the integrity of our financial systems and assets without unduly inhibiting our ability to operate and fulfill our mission.

We provide reports to our staff, Board of Directors, donors, the government, and the public in order to adhere to the law, follow best practices for disclosure, and provide necessary information for decision-making and operation.

In addition to a quarterly, in-depth review by the Board, we also hire an independent CPA to review our financial statements and records annually. Financial statements and records are available upon request.