Oversight and controls are key to limiting fraud in nonprofits
Recently, the Association of Certified Fraud Examiners (ACFE) published its biannual Report to the Nations: 2022 Global Study on Occupational Fraud and Abuse. Of all the types of organizations surveyed by the ACFE, not-for-profits actually were the least likely to experience occupational fraud. However, nonprofits also are generally the least likely to be able to […]
Protect your nonprofit from occupational fraud threats
Not-for-profit organizations don’t lose as much to occupational fraud as for-profit businesses do. According to the Association of Certified Fraud Examiners’ (ACFE’s) 2018 Report to the Nations, nonprofits lost a median amount of $75,000 during the 21-month study period, compared with $164,000 for private for-profit companies. Yet few nonprofit budgets can afford a $75,000 shortfall […]
Transitioning Your Business
Please note that CPE is not available for webinars on-demand. CPE is available for live events only. Transitioning from your business to retirement, or to another project, is a normal part of the lifecycle of an entrepreneur. That’s why you need to know your options when it comes to cashing in on all your hard […]
Internal Controls: an effective line of defense against fraud and business losses
Article by CSH’s Melissa Meeker How would you assess the strength of your existing internal controls system? Many people who work in an operational capacity for a healthcare practice would guess that their internal control system is strong. Others would acknowledge that their system needs improvement. And then there are those folks who genuinely have […]
Occupational Fraud: A look at detection and prevention
Talk about an easy target. Every day, seemingly everywhere, criminals are robbing their victims in broad daylight, and using tools and resources furnished by their victims to perpetrate the crime and cover it up. And they’re also being paid by their victims to do it. From little league treasurers to C-suite executives, theft on the […]
How nonprofit youth sports leagues can prevent fraud
Many not-for-profit youth sports leagues are at risk for fraud and don’t even know it. Because cash transactions are common and leagues usually are managed by volunteers with little oversight, it’s easy for crooked individuals to take advantage of the situation. Unfortunately, sports league fraud is usually committed by board members or officers who are […]
Occupational Fraud in Government: Stories from the Trenches
Occupational fraud is a universal problem. It is estimated that the typical organization loses 5% of revenues each year to fraud. For governments, allegations of fraudulent activity not only wreak havoc on your operations and performance, but also undermine your reputation and public confidence. In this webinar, CSH professionals will share examples of real-world fraud […]
IRS Releases List of “Dirty Dozen” Tax Scams
Here they are. The 2016 “dirty dozen” tax scams to watch out for: 1. Identity theft 2. Phone scams 3. Phishing 4. Return preparer fraud 5. Hiding money or income offshore 6. Inflated refund claims 7. Fake charities 8. Falsely padding deductions 9. Excessive claims for business credits 10. Falsifying income to claim tax credits […]
Protecting your organization from email fraud
Online fraud schemes are becoming the norm. This troubling trend affects inboxes on a daily basis with malware that clones email accounts, or tracking botnets that illegally wire funds to fraudulent bank accounts. These scams are most frequently carried out by compromising user emails at a company that regularly makes wire transfers. Many of these victims’ computers […]
Occupational Fraud Detection and Prevention
CSH’s Matt Gutzwiller has presented numerous times over the past year on occupational fraud focusing on how to detect and prevent it in the workplace. Download the presentation to learn the following: Defining occupational fraud and illustrating the opportunities that allow it to be so prevalent Highlighting the disproportionate damage occupational fraud inflicts on small […]