Charities & Institutions of a Public Character | KPMG | SG

Charities & Institutions of a Public Character

Charities & Institutions of a Public Character

Provide you with the ability to tap into specific skill sets, industry knowledge and global resources on an 'as needed' basis.

Provide you with the ability to tap into specific skill sets

Operating as a Charity/Institution of a Public Character (IPC) has never been more challenging amidst the several highly publicized cases of wrong doing in the charity sector; the increasing demands from grant makers, regulators and the general public on regulatory compliance; mounting pressure on the availability of funds; as well as the ability to recruit and retain the right people.

Being in the forefront of these changes and having conducted many reviews on governance, compliance and internal controls in charities and IPCs, KPMG understands the concerns that leaders of Charities/IPCs may have.

The Commissioner of Charities (COC) has laid down the following objectives in its vision to develop a well-governed and thriving charity sector with strong public support:

  • Promote good governance and best practices
  • Ascertain Regulatory Compliance
  • Growth

 

How we can help

We have developed a governance framework to ascertain conformance and achieve performance as an on-going process for the Charities/IPCs sector. KPMG's experience and investment in the Charities/IPCs means that we understand the intricacies and sensitivities of the operation and culture/style, and is well placed to offer assistance and advice.

We have assisted the Sector Administrators from the various ministries in reviewing more than 100 Charities and IPCs since the enactment of the Charity's rules and regulations, making recommendations to improve the governance, risk and compliance framework in these Charities and IPCs.

Our holistic approach increases the visibility of the state of internal control and governance best practices. Our methodology goes beyond the traditional approach to internal audit, as it provides a formalized approach for identifying performance improvement opportunities, for example, in the areas of economy, efficiency and effectiveness of operations. Whilst there is a need to achieve a satisfactory level of conformance, to sustain in the long run, charitable organizations need to also perform effectively and efficiently.

Our understanding of the operational risks and processes drives our approach, providing a methodology that is applied consistently in the charity sector and, at the same time, tailored to the specific needs of your organization.

Our delivery model uses industry-focused professionals, whose specialized knowledge allows us to meet your specific needs by applying relevant skills and insights built from our vast combined experience.

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