Preventing & Detecting Fraud in Nonprofit Organizations 11-2009

Fraud occurs in nonprofits of all sizes but small organizations suffer the most loss. Good board governance and internal control policies are imperative to prevent or mitigate fraudulent activities. Is your Treasurer responsible for collecting and disbursing funds and does s/he provide the financial reports? Is your Director balking at establishing separation of financial duties? Fraud is almost always committed by a person of trust within an organization so policies and procedures must be in place to hold everyone accountable. Learn about the conditions that lead to fraud and how to protect your nonprofit.

This session will:

- Increase awareness of fraud in nonprofit organizations

- Provide an understanding of why nonprofits are more susceptible to frauds

- Provide strategies to help prevent and detect frauds in an organization

Presented by Dr. Richard G. Brody, the Rutledge Professor of Accounting in the Anderson School of Management at the University of New Mexico. He is a Certified Public Accountant, a Certified Fraud Examiner and a Forensic Certified Public Accountant. Professor Brody also holds the Certified in Financial Forensics credential. His research addresses issues related to forensic accounting, auditing and corporate governance.