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Helping an International Membership Organization Strengthen Their Internal Controls

international membership organization case study

Case Study

Challenge: A large international membership organization with over $20 million in annual revenues had challenges associated with the reporting of conference revenue in the accounting and separately maintained conference registration system. In addition to finding solutions for these issues, the organization wanted a third-party evaluation of their internal controls surrounding financial reporting.

Solution: The Board of Directors engaged Calibre CPA Group to review the organization’s internal control structure. This evaluation also included determining how closely their internal control structure mapped to other not-for-profit industry best practices and complied with the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework. Calibre’s team carefully evaluated all significant financial processes, looking for ways to strengthen controls and improve reporting.

Result: Calibre resolved the reconciliation issue and provided process recommendations to prevent reporting differences from occurring in the future. Calibre also made other recommendations to further strengthen internal controls and improve operational efficiencies.