To maintain relevance and effectiveness, this financial control policy, along with all associated procedures, is reviewed annually by the Board of Directors. The review ensures that Iguality’s financial management practices remain aligned with legal requirements, donor expectations, and organizational needs.
During the review process:
- Policy and procedure updates: Updates are considered based on operational experience, audit findings, changes in regulations, or new donor requirements.
- Communication of updates: All staff, volunteers, and relevant stakeholders are informed about revisions to ensure that everyone involved in financial processes is aware of current procedures.
- Continuous improvement measures: Improvements are implemented where necessary to strengthen financial governance, internal controls, and transparency.
Through this annual review, Iguality ensures that its financial practices remain robust, accountable, and aligned with best practices in nonprofit management, providing confidence to donors, regulators, and stakeholders alike.