Fraud

Preventing and Detecting Fraud Through Effective and Practical Internal Controls

By |2018-12-07T14:57:19+00:00September 6th, 2018|Board, Fraud, Nonprofit, Tips|

Dan Montgomery, CPA, provides some insight in preventing and detecting fraud through effective and practical internal controls for our Nonprofit Video Series.

Considering Red Flags of Occupational Fraud

By |2018-02-13T15:32:12+00:00February 9th, 2018|Compliance, Forensic Accounting, Fraud, Internal Control, Investigation|

Internal fraud, also called occupational fraud, is defined by the Association of Certified Fraud Examiners (ACFE) as “the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the organization’s resources or assets.” Included below are some interesting statistics related to Occupation Fraud as reported in the ACFE's 2016 Global Fraud [...]

Credit Card Fraud and Online Donations

By |2017-04-21T12:52:19+00:00July 1st, 2016|Fraud, Nonprofit|

Credit card fraud is a growing problem for charitable organizations. Nonprofit entities that seek to simplify online charitable giving are particularly vulnerable. Targeting Nonprofits Donations are crucial for nonprofits, so organizations often bypass online payment safeguards that can help prevent deceitful practices. This allows scammers to use nonprofits to quickly test many stolen credit card [...]