Should my non-profit's treasurer be bonded if he is a CPA?
Q: I am in a non-profit organization where our treasurer is a CPA. My question is on bonding of the treasurer. Do we need to have the treasurer bonded since he is a CPA? Thanks. Robert, Sun prairie, WI
The following answer was provided by Mark Misselbeck, CPA, Levine Katz Nannis & Solomon PC, Needham.
A: Your question is legal in nature and is better put to an attorney, however, it is never a bad idea to obtain protection against improper handling of funds, no matter how trustworthy someone appears to be.
Q: I am in a non-profit organization where our treasurer is a CPA. My question is on bonding of the treasurer. Do we need to have the treasurer bonded since he is a CPA? Thanks. Robert, Sun prairie, WI
The following answer was provided by Mark Misselbeck, CPA, Levine Katz Nannis & Solomon PC, Needham.
A: Your question is legal in nature and is better put to an attorney, however, it is never a bad idea to obtain protection against improper handling of funds, no matter how trustworthy someone appears to be.
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