Accountability, risk management and transparency have become buzz words in the benevolent sector because they are crucial to increasing donor confidence. They are also integral to recruiting and retaining top quality members, directors and staff who may be concerned about personal liability. But in today's regulatory environment, it is difficult for registered charities to manage risks, stay current, and meet the constantly changing and increasingly complex compliance requirements. The imposition of 'interim sanctions' and financial penalties by Canada Revenue Agency are also making the operational environment for registered charities increasingly hostile and costly.

Benefic's Preparedness Audits function as 'look-see' reviews and are targeted at achieving 'best practices'. When Benevolent Organizations are relieved of the stress of worrying about complying with Canada Revenue Agency's regulatory requirements, they can refocus their energies on achieving their charitable objectives. When Benevolent Organizations are comfortable that potential liabilities are understood and under control, they can carry out their operations with renewed confidence. Proper compliance, governance and fundraising practices will maximize donor and Board development and recruitment as well as fundraising potential.

Although Benefic's Preparedness Audits are designed for existing charities, they are equally critical for newly registered charities which must establish best practices early.

The Preparedness Audit process will include a review of important documents and an on-site or telephone interview of appropriate representatives. Results of the Preparedness Audit will be provided in writing, and a follow-up meeting with management and the Board of directors may be arranged. The experts at Benefic Compliance can carry out Preparedness Audits in collaboration with your existing legal and accounting advisors, to ensure that consistency is maintained.

Benefic Preparedness Audits:

• CRA Compliance Audit, $750
• Corporate Governance Audit, $750
• Fundraising Audit, $1,500
• Three audit package: $2,500