Categories: Fraud and Financial Oversight
December 2, 2016
Resource Type: Articles
The Audit Committee and Its Expanding Role in Risk Management
The National Association of Corporate Directors and The Center for Board Leadership have just published Audit Committees: A Practical Guide.” It is the work of a Blue Ribbon Committee on Audit Committees and will have a major effect on the...
Topics: Fraud and Financial Oversight, Governance
December 2, 2016
Resource Type: Articles
Setting Your Sites: Fraud Resources on the Web
This month we profile several websites that offer helpful information on fraud prevention. American Institute of Certified Public Accountants (AICPA) website: www.aicpa.org AICPA sells a number of publications that provide very specific guidance on the topics of fraud and fraud investigations....
Topics: Fraud and Financial Oversight
December 2, 2016
Resource Type: Articles
Theft of Funds is Not Covered by Insurance
Theft of Funds Is Not Covered by Insurance This article first appeared in Don Kramer’s Nonprofit Issues, and is reprinted here with permission from the publisher. For more information on Nonprofit Issues, visit www.nonprofitissues.com. The employee dishonesty provisions of a standard insurance...
Topics: Fraud and Financial Oversight, Insurance and Risk Financing
December 2, 2016
Resource Type: Risk eNews
The Taxman Cometh
What’s on the agenda for the IRS this year? Lois Lerner, the Director of Exempt Organizations, Internal Revenue Service, addressed a gathering of lawyers and accountants in Washington, D.C. last week to share how the IRS views the impact of...
Topics: Fraud and Financial Oversight, HR Risk and Employment Practices
December 2, 2016
Resource Type: Articles
The Care and Feeding of a Healthy Organization
Healthy nonprofits are committed to maintaining a steady, robust income stream; developing and implementing sound investment strategies; and paying daily attention to accounting controls. Robust Income Streams Truly healthy nonprofits enjoy diverse funding sources. They protect the continuity and stability...
Topics: Fraud and Financial Oversight
December 2, 2016
Resource Type: Webinars
Risk Management, Budgeting and Forecasting
Effective budgeting and forecasting are vital components of sound risk management. This webinar will offer a risk management approach to budgeting and forecasting, highlighting practical strategies to position both activities as assets to the overall risk management program. Webinar Slides...
Topics: Fraud and Financial Oversight
December 2, 2016
Resource Type: Risk eNews
Transparency, Not Whitewash
When cleaning out a desk recently, I found several dated vials of “Wite-Out®,” a brand of correction fluid, the opaque fluid used to cover typing errors in typewritten documents. Although I haven’t used it recently, I recall that correction fluid...
Topics: Fraud and Financial Oversight
December 2, 2016
Resource Type: Risk eNews
Doing Good or Doing Business, Or Both?
Whether it’s a nonprofit acting like a for-profit, or a for-profit acting like a nonprofit, to survive in today’s environment both nonprofits and for-profits are borrowing ideas from each other. For-profits are eager to appear “mission based” to consumers who...
Topics: Fraud and Financial Oversight
December 2, 2016
Resource Type: Articles
IN is OUT, and OUT is IN Outsourcing the Finance or Accounting Function in a Nonprofit
Fiscal Outsourcing Outsourcing financial tasks has become a popular trend in the nonprofit sector. Common reasons nonprofit leaders outsource some or all of their financial management responsibilities include: to gain access to expertise the nonprofit doesn’t require on a full-time...
Topics: Fraud and Financial Oversight
December 2, 2016
Resource Type: Articles
New Audit Standards May Feel Like a Foreign Landscape
Has your auditor given you a call about the new audit standards under Statement on Auditing Standards, No. 112 (“SAS 112”)? Officially known as “Communicating Internal Control Related Matters Identified in An Audit,” the new requirements will be unfamiliar to many...
Topics: Fraud and Financial Oversight