The UK Charity Commission has published some revised guidance for UK charities on risk management, financial difficulties and insolvency, financial reserves and internal financial controls.  While UK law is not identical to Canadian law these documents provide very helpful information for Canadian charities.

The four sets of guidance are located on the Charity Commission website:

Charities and Risk Management (CC26) http://www.charitycommission.gov.uk/Publications/cc26.aspx
Financial Difficulties and Insolvency (CC12) http://www.charitycommission.gov.uk/Publications/cc12.aspx
Charities and reserves (CC19) http://www.charitycommission.gov.uk/Publications/cc19.aspx
Internal Financial Controls (CC8) http://www.charitycommission.gov.uk/Publications/cc8.aspx