Control systems in nonprofit organizations
Auditing
1. Control systems in nonprofit organizations will never be as highly developed as in profit-seeking organizations.” Do you agree? Explain.
2. The president of a fast-growing, high-technology firm remarked, “Developing budgets and comparing performance with the budgets may be fine for some firms. But we want to encourage innovation and entrepreneurship. Budgets go with bureaucracy, not innovation.” Do you agree? How can a management control system encourage innovation and entrepreneurship?
