• Nonprofit_Bookkeeper

    Member
    June 3, 2023 at 2:12 pm

    Hi Kelle. I think you are not getting replies because of the word “legally” in your question. So, I will say that I am NOT a lawyer and cannot provide legal advice, but generally, every board member is reponsible for the integrity of your books. That is part of the “duty of care” and the “duty of obedience” that all nonprofit boards should adhere to. Different states have varying statutes regarding legal responsibility, but no nonprofit board should want to be caught in a quibble about whether they should LEGALLY have known whether their books were accurate and compliant. At a minimum, the officers should be on top of this and report to the board, and the board should receive reports, REVIEW THEM, and ask questions so they understand them. I hope that helps a bit.

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