Preventing Fraud in Nonprofit Organizations

Description

IS YOUR NONPROFIT VULNERABLE TO FRAUD?Fraud or embezzlement discovered within a major corporation ultimately leads to front-page scandals and a few raised eyebrows. But the mere suggestion or evidence of fraud within a nonprofit can cause irreversible damage to its reputation, its support base, and, eventually, its very existence. Preventing Fraud in Nonprofit Organizations is the proactive manual your organization needs to detect fraud and prevent it from affecting your organization's bottom line and name. Brimming with details of hundreds of actual fraud and embezzlement schemes, it provides specific, practical advice on strengthening the areas in which your nonprofit may be most vulnerable.This hands-on guide shows nonprofit accountants, CFOs, financial consultants, board members, and managers how to:* Know the four consistent areas of high risk* Thoroughly evaluate their organization's system of internal controls* Assemble a fraud examination team* Document a fraud action plan* Expose weaknesses that could lead to fraud* Take corrective action to reduce the possibility of victimizationFraud deterrence is not exclusive to large corporations. Recommended reading for nonprofit professionals, Preventing Fraud in Nonprofit Organizations will motivate executives to take a fresh and intensive look at their organization's practices and act to protect from financial dishonesty.