Entries Tagged ‘Fraud’:
filed in internal controls on Aug.26, 2010
Limited resources make internal controls and segregation of duties quite challenging to small not-for-profit organizations. Perhaps there are only a couple of employees to share responsibilities. Maybe there is only a volunteer staff. Regardless of size, there are some basic controls that are essential to be in place to protect the organization from fraud or [...]
Tags: bank statements, behavior of management, board members, check stock, controls, executive director, expense reimbursement policy, Fraud, internal controls, Not-For-Profit (non-profit) Accounting, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, not-for-profit organization, petty cash, reconcile bank accounts, reimbursement, segregation of duties, volunteer staff
filed in Not-For-Profit (non-profit) Accounting on Jul.13, 2010
It is a known fact that audit committees are an essential component in corporate governance. The public has been increasingly focused on oversight and governance issues since the Enron scandal. However these issues aren’t just for the “for-profit” industry. It is becoming more and more of an issue for the not-for-profit world. Since the re-vamp [...]
Tags: accounting policies, audit committee, audit process, auditors, Best Practices, Better Business Bureau, Board Member, Conflict of Interest, corporate governance, fiduciary responsibilities, finance committee, financial matters, financial statements, Form 990, Fraud, independence in communication, internal control, IRS, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, not-for-profit organization, oversight, Piper Charitable Trust, whistleblower policy
filed in Not-For-Profit (non-profit) Accounting on May.18, 2010
The Arizona Corporation Commission requires that all not-for-profit corporations file an annual disclosure statement with their Corporation Commission Report. This report is for all Arizona corporations, but this disclosure is an important one for all nonprofits. As a “best practice” these questions should be asked of all new board members (and executive staff) and should [...]
Tags: annual disclosure, antitrust, Arizona Corporation Commission, Arizona corporations, bankruptcy statement, best practice, board members, Board of Directors, charter revocation, consumer fraud, Corporation Commission Report, executive staff, felony, Fraud, injunction, judgment decree, Not-For-Profit (non-profit) Accounting, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, not-for-profit corporations, permanent order, receivership, securities
filed in Fraud on Jan.19, 2010
I was recently driving down the Loop 101 while listening to the news on the radio. It was reported that, due to the devastating earthquake in Haiti, the Red Cross was in desperate need of supplies. Monetary donations were being requested.
The skeptical auditor in me immediately thought of all of the potential charity scams that [...]
Tags: auditor, Avoiding Relief Scams, Better Business Bureau, charity scams, defrauded, Donations, Fraud, Haiti, monetary donations, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, online donation forums, relief cause, scams
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