NLN Finance Unlocked Boost #3

First, let's remember what we talked about.

The goal of this quiz is not to test your knowledge, but rather to reinforce the most important pieces that you learned about nonprofit boards. If you don't answer a question correctly, don't worry. Read the correct answer and think about why how this applies to your board.

As always, if you have questions please get in touch with us: or (855) 299-2922.

QUESTION 1: Which of these are KEY ELEMENTS of strong nonprofit OVERSIGHT?
A) Internal controls
B) Access
C) Reports
D) Risk assessment

QUESTION 2: Fraud typically goes on for an average of how many MONTHS?
A) 2 months
B) 6 months
C) 12 months
D) 18 months

QUESTION 3: Regardless of who else is reviewing them, who is ULTIMATELY RESPONSIBLE for reviewing financials on a regular basis?
A) Board president
B) Board treasurer
C) Executive Director
D) Board member

QUESTION 4: HABIT very often determines board financial practice. Name two ways that you could SHIFT THE HABIT of your board's finance practice.