Evangelical Council for Financial Accountability Bars Percent Fees

Summary:

ECFA -- http://www.ecfa.org/ -- certifies and audits the financial affairs of about 800 Evangelical Organizations. In 1998, ECFA's standards were revised to bar percentage fees.

The text of the newsletter article in which this change in ECFA's standards was announced and discussed is reproduced here by permission. See http://www.nonprofits.org/0/1512.html.

For further information and the complete text of all the standards adopted by the Evangelical Council for Financial Accountability, visit the website at http://www.ecfa.org/