Trustees review management accounts
This criterion assesses whether the organization's trustees/board regularly review and scrutinize management accounts. Trustees must safeguard charity assets and exercise reasonable care and skill in financial oversight (Charities Act 2011; general trustee fiduciary duties). Regular financial oversight is essential for ensuring financial health, identifying issues early, making informed decisions about resource allocation, and ensuring proper application of funds.
Al-kharāj bi al-ḍamān
Entitlement is tied to liability/responsibility. Trustees who authorise budgets are responsible for ensuring controls and oversight.
Dīwān
A governmental institution for systematic record-keeping, audit, and control.
Sadd al‑dharā’i
Blocking the means to harm. Preventive measures—segregation of duties, timely reconciliations—close avenues for error or misuse.
Ḥisbah
The collective duty to ensure financial integrity and prevent mismanagement.
Muḥāsabah
Accountability, including forward-looking planning (preparing for tomorrow).
Amānah
Trust/Stewardship; fulfilling responsibilities with integrity.
Iḥsān
Excellence; continuously improving review quality.
Wafā’ bi al-’uhūd
Fulfilling covenants/contracts, specifically regarding donor restrictions.
Related Criteria
Discussion (1)
📋 **Version updated: 1.0.0 → 2.9.7** **Changes:** Full import from mizan-297.json
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