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Home > About Us > Financial Accountability
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Financial Accountability
Joseph Lam is dedicated to being accountable to contributors for their donations to the children we help. Your gifts are a sacred trust, and trust is the most important asset of any charity. That trust is maintained only through strong financial accountability.
Although we operate our charity with a very small administrative staff and extremely low overheads, Mr. Lam has always insisted on the highest levels of financial accountability using professional advisors. These accountability measures are a justified expense.
The Accountability Team – Creating this professional accountability team means not only hiring the best people available to make sure our charity conforms to all laws, but also working with the finest auditors, the most experienced bankers, and Certified or Chartered Accountants to oversee bookkeepers. In many cases, these advisors belong to or are disciplined by professional associations and face severe penalties for wrongdoing.
Mr. Lam has always been committed to conforming to the laws and the highest standards of practice at all levels. However, at the same time, he patiently works through and eliminates the useless bureaucracy and “trusts” that often hinder aid from being collected freely and reaching children in need.
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What is the World Children's Fund?
The World Children's Fund is a donor funded organisation that helps rescue needy children who are abandoned, distressed, endangered, exploited, homeless, hungry, sick or suffering.
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