Fraud in Nonprofit Organizations: Should we be Concerned?
In recent years we have seen many high profile fraud cases within nonprofit organizations of all sizes and missions which unfortunately tarnish their reputations and negatively impact their stakeholders. As outsiders, it is easy to wonder how these organizations were unaware as thousands of dollars were being mishandled. Nonprofit organizations are particularly vulnerable and remain attractive targets for fraud as many deal in cash and checks, have high turnover of staff and volunteers, and have leadership teams that may not be familiar with internal controls.
In this session we will review cases of actual fraud in nonprofit organizations as well as a number of the fraud schemes that a nonprofit organization might face. We will discuss methods of detecting and preventing fraud in the future, allowing you to close the gaps that present temptation and opportunity to potential offenders, and protect your organization’s assets and reputation.
Presenter: Jim Croft, PhD, Academic Director of Finance Programs, Kellogg Center for Nonprofit Management
Schedule: 7:30am - Continental Breakfast, 8:00-9:30am - Session