Entries Tagged ‘segregation of duties’:
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 Fraud on May.25, 2010
Employee fraud and/or embezzlement are similar to termites in Arizona – you don’t ask if it is going to happen, you ask when.
We have featured many articles on employee fraud in our Blog, but I wanted to include some valuable information that was included in a recent article in the Henry & Horne E-newsletter.
There are [...]
Tags: accounting policies and procedures, Arizona, asset accounts, attorney, Board's policy, cash disbursements, embezzlement, employee fraud, external audits, IRS, law enforcement, Not-For-Profit (non-profit) Accounting: Fraud, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, not-for-profit organization, payroll procedures, reconciliations, restitution, segregation of duties
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 [...]
Tags: Board Member roles and responsibilities, expense allocation, Form 990, Lunch N' Learn, nonprofit community, nonprofit organization, Not-For-Profit (non-profit) Accounting: Fraud, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, segregation of duties
filed in Fraud on Oct.27, 2009
Do you think you would notice if someone was padding their payroll within your organization? What if that person added a friend to the payroll that never worked there? I recently read an article in the Phoenix Business Journal about a woman who allegedly paid herself an extra million dollars over the course of 8 [...]
Tags: budget, change report, employee files, fictitious employees, management oversight, Not-For-Profit (non-profit) Accounting: Fraud, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, padding payroll, passwords, payroll fraud, payroll preparation, payroll register, segregation of duties, unauthorized raises
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