Re: why public accounting is important

In article <[email protected]>, Aaron J. Seigo wrote:
> 
> to say all organizations that are not for profit should be financially 
> transparent to the point of opening their books for all to see is an over 
> simplification and a bit naive.

Certainly there are degrees of organizational transparancy, both
financial and operatational.  There are shades of gray between
no information at all and "opening their books for all to see", no?

Indeed there are many possible strategies with regard to openness
in organizations that are financed through donations.  An interesting
question is how does such an organization measure its success?  My
primary measurement would be how much money it can put to use for
its cause, while still maintaining the highest level of organizational
integrity.

Now my question is which openness strategy will lead to the highest
level of success by this measurement?  Obtaining small donations up
front, and following policies aimed to protect the interests of
those initial donors?  Or perhaps structuring the organization so
that it contiues to attract donors in the future?

It might be interesting to see which of these strategies is more
widely used and which tends to be more successful amongst the 
general business community.

Steve


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