filed in Fraud on Feb.02, 2010
At our first Lunch & Learn seminar of 2010 (Fraud Issues in Nonprofits), we went over some “red flag behavior” that organizations should take note of in their employees. These indicators are so important because they often reflect some bigger problems happening within the accounting department – including errors and fraud. I thought I’d share [...]
filed in Not-For-Profit (non-profit) Accounting on Jan.05, 2010
We’d like to wish all of you a very happy new year! We certainly enjoyed the holidays with our families and friends, but we’re also looking forward to getting into 2010. We are especially excited about the start of a new Lunch N’ Learn series.
Held on the second Thursday of each month at the Henry [...]
filed in Fraud, financial statements on Nov.24, 2009
Late in September, Colette Kamps blogged about a Check Signer’s Responsibilities. The complimentary control to this cash disbursement control is a monthly bank reconciliation, along with a review of the reconciliation by someone other than the preparer. For some organizations that already have bank reconciliations, we commend you. However, if nobody but the person who prepared them [...]
filed in Fraud on Nov.03, 2009
As a Certified Fraud Examiner (CFE) and auditor, I am constantly mindful of fraud. How can it happen, how can it be prevented, how can it be detected… Despite my interest in this topic, I am always surprised to talk to managers and board members within nonprofit organizations that do not consider fraud to be [...]
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