Internal Controls Addressing Internal Controls

Internal Controls Addressing Internal Controls for Eyeglasses for the Poor. The lack of internal controls at Eyeglasses for the Poor (EP) has increased the risks that are facing this organization exponentially. This is because, there are no procedures in place and there is a lack of strategically focusing the different resources. If left unaddressed, this kind of a problem can eat away at the ability of the nonprofit to: deliver a wide variety of services.

Once this occurs, the odds increase that this will affect the financial foundation of the organization (possibly its economic viability). As a result, aggressive action must be taken to deal with these challenges. To determine this, we will examine various internal controls that can be used. This will provide the greatest insights as to how executives can deal with these issues.

Internal Controls that can be implemented There are several different internal controls that need to be implemented right away to include: creating an inventory management system and providing added amounts of security. Creating an inventory management system is when EP is establishing a process. That will be used when new frames are being received and catalogued. As, employees will use this to: enter the information on the new items and provide specific details about each product.

This will help to create some kind of accountability of: the frames that are being received and where they are going. Over the course of time, this will help Joy be able have more knowledge about the activities of the organization. This is point that she will be able to have some kind of accountability and control. (Hightower, 2009) Providing added amounts of security, is when you are having various managers and select personnel to monitor the activities of employees.

As, they will quietly establish different security procedures and tools (i.e. surveillance cameras) to determine what kind of actions staff members are engaging in. This will help EP, to see where are: the biggest weaknesses inside the organization. At which point, they can begin to identify which employees are contributing to the problem. This is important, because one of the biggest issues facing EP is: not having any idea of the overall scope the challenges they are facing.

If they can increase their surveillance, they will be able to know how big the problem really is. Once this occurs, they will have identified those individuals that are making the situation worse and can deal with them accordingly. (Kilby, 2005, pg. 41) Clearly, the biggest problems facing EP is a lack of accountability and transparency. This is troubling, because it means that managers are unaware of the various challenges that are facing the nonprofit.

Over the course of time, this can have an adverse impact on their ability to: provide different services to stakeholders. To.