The non-profit sector

There are plenty of sectors of the economy where business either is, or should be, conducted much more openly, or where profit is not the primary consideration: the most obvious being the non-profit sector itself. For non-profit organisations, open-book accounting has many attractions. A charity which could show in real time exactly where its money is spent – provided, of course, that it is properly spent – would deserve the trust of its donors more than one which revealed it only in a glossy annual report produced many months after the fact; and perhaps, as citizens and taxpayers, we should demand that government adopt it, as a step towards truly open government.

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