Overhead Is Overrated in Financial Reporting

Each year, millions of dollars are spent attempting to promote ethical behavior in the nonprofit world, improve the accuracy of financial reporting, reduce misunderstanding and misuse of nonprofit financial information, improve the ability of nonprofit organizations to carry out their missions, and help nonprofit groups find ways to measure their contribution to society.

Yet we could have all those things instantly with just one simple change in financial-reporting rules. And it's a

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