{"id":106735,"date":"2023-01-16t11:58:12","date_gmt":"2023-01-16t16:58:12","guid":{"rendered":"\/\/www.g005e.com\/?p=106735"},"modified":"2024-08-07t23:09:56","modified_gmt":"2024-08-08t03:09:56","slug":"five-ways-to-ward-off-fraud-in-not-for-profits","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/01\/16\/five-ways-to-ward-off-fraud-in-not-for-profits\/","title":{"rendered":"five ways to ward off fraud in not-for-profits"},"content":{"rendered":"

\"\"<\/a>reassure donors and regulators.<\/strong><\/p>\n

by ed mendlowitz<\/i>
\n77 ways to wow!<\/i><\/a><\/p>\n

again and again, stories appear in newspapers about abuse and misuse of funds in not-for-profit organizations. in many cases, these frauds have been schemes that have been going on for numerous years.<\/p>\n

more: <\/b>charity directors must take theft seriously<\/a> | client hires new manager: you need a plan<\/a> | anatomy of a fraud<\/a> | how to explain internal controls to clients<\/a> | organization minutes too often overlooked<\/a> | the seven-minute financial statement<\/a> | the kpi an absentee manager needs<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

the frauds are usually carried out by long-serving employees who earned reputation and trust that resulted in relaxation of controls or oversight. many times, this provides temptation and ample opportunity to commit and sustain fraudulent activity over long periods paired with a reduction in the \u201cfear\u201d of being caught!
\n
\nboards of such organizations face tough challenges in this regard. the question they must answer is whether their policies and procedures are adequate, are implemented and create a culture of deterrence so that lines are not crossed for personal gain (that under the right control conditions would not).<\/p>\n

\u201cnot to oversee workmen is to leave them your purse open.\u201d \u2013 benjamin franklin<\/p><\/blockquote>\n

here are some of the things that can be done to provide controls while fostering positive work ethics:<\/p>\n

    \n
  1. not only establish effective financial controls but see that they are properly implemented with their compliance monitored regularly. this should be reported at board meetings.<\/li>\n
  2. reporting to the board should not be through one person who becomes the sole liaison. the board should have direct interaction and access not only to senior management but the levels below. establishing subcommittees of the board to review an extended range of employees is an easy way of doing it.<\/li>\n
  3. have an annual checkup of board responsibility and oversight procedures from an outside organization along with their evaluation of use, effectiveness and potential for improvement.<\/li>\n
  4. establish a whistleblower policy and communicate to employees how to use it with the board monitoring complaints and dispositions.<\/li>\n
  5. a representative of the board should periodically inquire about long-term vendor relationships and contracts such as insurance brokers, investment advisors, auditors and outsourced it service providers.<\/li>\n<\/ol>\n

    it is the direct interest of not-for-profits to become proactive in their oversight procedures. report these efforts to donors and regulators who will be reassured of effectiveness of controls, transparency and continued viability of the organization.<\/p>\n","protected":false},"excerpt":{"rendered":"

    reassure donors and regulators.<\/strong><\/p>\n

    by ed mendlowitz<\/i>
    \n    77 ways to wow!<\/i><\/a><\/p>\n","protected":false},"author":1341,"featured_media":99998,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[3184,3002],"tags":[],"class_list":["post-106735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-advisory","category-special"],"acf":[],"yoast_head":"\nfive ways to ward off fraud in not-for-profits - 卡塔尔世界杯常规比赛时间<\/title>\n<meta name=\"description\" content=\"actionable intelligence for tax, accounting, 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