This failure to treat the enterprise as a business is probably the most prevalent and perplexing attribute of a not for profit. It is in this area the accountant experiences the most frustration. Often, management does not know of the existence of basic system and accounting control concepts, much less recognize the need for their implementation. Negative Viewpoints Regarding the Accounting Function. While they may possess the professional skills to be of real service to the entity, they are kept out of the decision-making process.
Financial positions lack any real power or influence.
The result can be job dissatisfaction and high turnover of the position. Accountants and auditors are generally regarded as a regulatory or governing board requirement that inhibits the accomplishment of the organization's goals. These policies and procedures may not be consistency enforced or enforced at all. Over Reliance on One Individual. Under these circumstances, this individual establishes, implements, monitors, and enforces the controls within the entity.