Download or read book Fraud and Abuse in Nonprofit Organizations written by Gerard M. Zack and published by John Wiley & Sons. This book was released on 2003-06-19 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Table of contents

Download or read book Fraud and Abuse in Programs Found in the Community Service Administration Departments of Labor Agriculture and Health and Human Services written by United States. Congress. Senate. Committee on Governmental Affairs. Subcommittee on Federal Spending Practices and Open Government and published by . This book was released on 1981 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Preventing Fraud in Nonprofit Organizations written by Edward J. McMillan and published by John Wiley & Sons. This book was released on 2006-04-14 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: IS YOUR NONPROFIT VULNERABLE TO FRAUD? Fraud or embezzlement discovered within a major corporation ultimately leads to front-page scandals and a few raised eyebrows. But the mere suggestion or evidence of fraud within a nonprofit can cause irreversible damage to its reputation, its support base, and, eventually, its very existence. Preventing Fraud in Nonprofit Organizations is the proactive manual your organization needs to detect fraud and prevent it from affecting your organization's bottom line and name. Brimming with details of hundreds of actual fraud and embezzlement schemes, it provides specific, practical advice on strengthening the areas in which your nonprofit may be most vulnerable. This hands-on guide shows nonprofit accountants, CFOs, financial consultants, board members, and managers how to: * Know the four consistent areas of high risk * Thoroughly evaluate their organization's system of internal controls * Assemble a fraud examination team * Document a fraud action plan * Expose weaknesses that could lead to fraud * Take corrective action to reduce the possibility of victimization Fraud deterrence is not exclusive to large corporations. Recommended reading for nonprofit professionals, Preventing Fraud in Nonprofit Organizations will motivate executives to take a fresh and intensive look at their organization's practices and act to protect from financial dishonesty.

Download or read book Silence written by Gary Snyder and published by Xlibris Corporation. This book was released on 2011-06 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Silence: The Impending Threat to the Charitable Sector is a high-stake and explosive investigative work about charity misdeeds. As you read this cover, there is a noteworthy charity fraud being perpetrated. Scandals threaten to destroy the reputation of the charitable sector. These scandals threaten to destroy the reputation of powerful organizations and their leaders. Charity malfeasance is an addiction of epic proportions. Charity leaders and regulators, by their silence and denial, are enablers. Because the misdeeds were kept secret, there was no public outcry. The secrets are now being exposed. The sector needs a new paradigm, and Silence makes numerous suggestions as to how to turn it around. This exposé is based on the largest repository of charity fraud anywhere. Many trusted leaders are exposed including board members, presidents, superintendents, chief executive officers, accountants and more. They embezzled, forged, extorted, and falsified records; they self-dealt, negligently managed assets, and had multiple conflicts of interest.

Download or read book Is Your Board Effective An Empirical Analysis of Nonprofit Organizations and How Their Board Contributed to Fraud written by David DeMilio and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose In any organization, the Board of Directors acts as the last line of defense against fraud and abuse. Since 2008, the Internal Revenue Service (IRS) has required nonprofit organizations to publicly disclose any significant asset diversion, defined as theft or unauthorized use of assets, that occurred during the filing year. This research study uses this new disclosure of asset diversion to investigate whether proper board policy oversight and/or governance reduces the likelihood of asset diversion. Understanding how policy and governance impacts a nonprofit organization is critical for managers and practitioners to understand. Organizational management, board members and regulatory agencies (auditors, IRS) all have a responsibility to prevent asset diversion and would benefit from a deeper understanding of where the individual failure points exist from within the organization that create an increased chance of asset diversion. Research Methodology This research study spanned the period between 2014 through 2018 and was comprised of 254 nonprofit organizations. The total sample of organizations that were represented in the IRS data sets consisted of 113,899 separate nonprofit organizations. Organizational data collected from IRS 990 filings across each of the 5 years was first isolated by organizations that experienced asset diversion (n=127) and then matched with an equal number of nonprofit organizations that did not experience asset diversion through random sampling. From the IRS filing data, 18 different variables were then tested against the dependent variable, asset diversion, using logistic binary regression analysis. Findings The findings of this study both reaffirmed certain key aspects of asset diversion in nonprofit organizations as well as introduced new key variables that showed significant correlation with an increase in asset diversion. The findings suggest that there are variables from both board policy oversight and board governance regression analysis that show a significant relationship with asset diversion. More specifically, there were three common variables that showed significance throughout each test: organizational required audit, independent auditors, and improper party transaction with family members of current or former directors and/or officers of the organization. One additional variable, improper party transaction with an entity owned or operated by a current or former officer and/or director, showed significance in four of the five models tested, indicating that there is a strong correlation with increasing asset diversion. Keywords: fraud, asset diversion, nonprofit, binary regression, Board of Directors, IRS 990 filing.

Download or read book Fraud in The Nonprofit Sector written by John Lauck and published by . This book was released on 2018 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nonprofit organizations are at an increased risk for the occurrence of fraud due to their inherently trusting nature and the limited availability of resources for fraud prevention measures. Because charitable organizations rely on positive public image and donor perceptions of organizational effectiveness for continued funding, it may be difficult or impossible for a nonprofit to remain financially viable once fraud occurs. We conduct an experimental investigation with potential donors to determine which actions improved the likelihood that they would contribute to a nonprofit organization following a material misappropriation of assets fraud. Modifying and enhancing board of director oversight had the highest and only statistically significant positive effect on potential donations. Moreover, firing an Executive Director, who was not involved in the fraud, reduced both the likelihood and amount of planned giving.

Download or read book Strategies and Internal Control Procedures for Decreasing Fraud in Faith based Nonprofit Organizations written by Shawn Miller and published by . This book was released on 2021 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study addressed the problem regarding the lack of strategies and internal controls in faith-based nonprofit organizations which resulted in a higher risk of fraud, waste of funds, or abuse of funds in charities, churches, and other related ministries. This risk was the result of trust by organizations that employees would not commit fraud and due to a lack of sufficient resources. This study specifically researched faith-based nonprofit organizations that are located in Texas. This qualitative case study included two faith-based nonprofit organizations located in or near Houston, Texas. The research found several themes including: frauds occur, segregation of duties, approval controls, review process, and policies and procedures. The study also found several internal controls, policies, and procedures that these organizations could implement to decrease the risk of fraud, such as a whistleblower policy, background checks, segregation of duties, review of financials, and limited access to accounting procedures. Further research could be conducted on the implementation of internal controls after a fraud was discovered and the restoration of donor trust.

Download or read book Fraud Risk Assessment Guide written by Gerard M. Zack and published by Wiley. This book was released on 2003-06-19 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fraud Risk Assessment Guide is a series of checklists that coincide with the organization-wide model of fraud deterrence explained in the book, Fraud and Abuse in Nonprofit Organizations: A Guide to Prevention and Detection. The checklists in this Guide are designed to identify many of the most important financial controls and non-financial policies and procedures that aid in the prevention, detection, and deterrence of fraud and abuse— both from within the organization and from external sources. Each of the controls, policies, and procedures identified in the Guide are explained in detail in the companion book, Fraud and Abuse in Nonprofit Organizations: A Guide to Prevention and Detection. Who should prepare the checklists in this Guide? One of the keys to making the Guide most useful is to have each checklist prepared by persons who are both: Adequately trained and educated in the subject matter Independent of the persons directly involved in the activity being evaluated These characteristics may be present within the organization— such as by having the checklists prepared by members of other departments or by involving members of the audit committee or board of directors. Another option is to utilize an outside firm that specializes in fraud prevention (this approach has the added benefit of further improving independence and objectivity in the evaluation of an organization's system of fraud deterrence). The end result of utilizing the Guide will be the identification of areas of fraud control in which organizational policies and procedures can be improved (each "no" answer on the checklist represents a possible weakness in the organization's defenses against fraud and abuse). These results should be reviewed and evaluated by senior management, the audit committee, and the board of directors, who has ultimate responsibility for safeguarding the organization's assets.

Download or read book Fraud Risk in Governmental and Not for Profit Organizations written by Lynda Dennis and published by John Wiley & Sons. This book was released on 2018-02-15 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uses a combination of explanations and examples to help you understand the frauds most common in governments and nonprofits, as well as what prevention and detection procedures are most effective in responding to these fraud risks. It also discusses how auditors might address their responsibilities with respect to fraud in a financial statement audit of governmental and not-for-profit organizations.

Download or read book Frequent Frauds Found in Governments and Not for Profits written by Lynda Dennis and published by John Wiley & Sons. This book was released on 2018-03-16 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recognizing fraudulent or deceptive practices is not always easy. What common frauds occur in governments and not-for-profits and how can they be avoided? Illustrating common frauds that make headlines and damage the reputations of government and not-for-profit entities, this title allows accountants to sharpen their forensic skills and uncover and avoid fraudulent activities. It provides an informative case study approach to real world situations. This title will show accountants how to do the following: Determine how interim fraudulent reporting may affect planned reliance on internal controls and any related audit procedures. Identify how personnel policies and procedures can be circumvented and lead to possible fraud or abuse. Apply potential ways to follow up on noted indications of fraud, abuse, and weaknesses in internal control. Determine how management override of internal controls can lead to possible fraud. Analyze how bribes and kickbacks may occur. Identify how donated assets and capital assets in general might be misappropriated.

Download or read book Anatomy of a Fraud Investigation written by Stephen Pedneault and published by John Wiley & Sons. This book was released on 2010-02-08 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: A one-of-a-kind resource walking you through one complete fraud investigation, from the original tip to conviction in court Anatomy of a Fraud Investigation is an engrossing read and a valuable resource for fraud investigators, auditors, or anyone who suspects fraud may be occuring in their organizations and is unsure as to how to act. It details all phases of a fraud investigation from the first suspicion of fraud to the final judgment in court, through the eyes of a forensic accountant. In each phase, the author provides insights based on his twenty-two years as a forensic accountant from where to sit at the table when you bring the suspected fraudster in for questioning, to how you protect the key sources of information that the suspect will try to destroy once he or she realizes they are under investigation. In-depth analysis of a fraud investigation Based on an actual investigation conducted by the author Each chapter contains valuable tips and key considerations, providing subtext for why decisions were made and bringing to light potential risks A fascinating, insider look at a fraud investigation, Anatomy of a Fraud Investigation helps you better understand fraud detection, investigation, and prevention-from the inside out.

Download or read book Fair Value Accounting Fraud written by Gerard M. Zack and published by John Wiley & Sons. This book was released on 2009-07-23 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essential guidance on the new fair value rules for accounting managers, auditors, and fraud investigators Fair Value accounting is emerging as the next prime opportunity for financial statement fraud. Explaining the many complex applications of fair value accounting in the preparation of financial statements, Fair Value Accounting Fraud offers timely guidance on an up-and-coming issue as U.S. and international accounting rules pertaining to the use of fair value accounting continue to change. You'll find discussion of U.S. GAAP and IFRS rules on fair value accounting issues, highlighting the areas most vulnerable to fraud Explanations of 75 categories of fair value accounting fraud schemes Fraud risk checklist that you can put to immediate use Practical detection techniques useful for auditors, investigators and others who rely on financial statements Expert advice from Gerard Zack, CFE, CPA, author of Fraud and Abuse in Nonprofit Organizations: A Guide to Prevention and Detection Comparing US accounting standards to International Financial Reporting Standards-thereby making this book useful worldwide- Fair Value Accounting Fraud helps you understand the new rules and develop new auditing and investigative techniques to enable you to detect potential fraud.

Download or read book Fighting Fraud and Corruption in the Humanitarian and Global Development Sector written by Oliver May and published by Routledge. This book was released on 2016-05-12 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are an estimated 40,000 international Non-Government Organisations (NGOs), working in an enormous global aid industry; official development assistance alone reached £90bn in 2014. This is supplemented by huge voluntary giving – the UK public, for example, give around £1bn a year to overseas causes. These organisations face a unique challenge from fraud and corruption. Operating in the world’s most under-developed and fragile environments, with minimal infrastructure and trust-based cultures, the risk is high. And, being wholly reliant on donors and supporters for income, so are the stakes. Researchers make different estimates of the scale of the problem facing the sector. Some research implies that losses to the global aid budget caused by occupational fraud and abuse may be in the billions of pounds, while those to the British public's voluntary overseas donations could be in the tens of millions. For many sector professionals working in the developing world, these estimates are readily believable. Fighting Fraud and Corruption in the Humanitarian and Global Development Sector by Oliver May is a timely, accessible and relevant how-to guide, which explores the scale and nature of the threat, debunks pervasive myths, and shows readers how to help their NGOs to better deter, prevent, detect and respond to fraud and corruption.

Download or read book Integrity at Stake written by Rollie Neal Dimos and published by Zondervan. This book was released on 2016-02-02 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Integrity at Stake: Safeguarding Your Church from Financial Fraud by Rollie Dimos is a financial resource book intended for pastors, church leaders, and church administrators. Dimos' expertise as a certified fraud examiner and internal auditor provides the church audience with essential tools and know-how to assess their financial processes. Including practical steps for evaluation, Integrity at Stake details internal controls, risk management, and true stories to help church leaders reduce the risk of fraud and increase financial accountability and integrity.

Download or read book Fraud Internal Controls in Nonprofit Organizations written by Ashlee Danielle Harvey and published by . This book was released on 2018 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Predictors of Fraud in Nonprofit Organizations written by Dawn Marie Schwartz and published by . This book was released on 2019 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nonprofit organizations are especially vulnerable to fraud. Incidents of fraud can have devastating consequences on these organizations and the nonprofit sector overall. This applied doctoral research project examined the use of financial predictors for reported fraud in U.S. nonprofit organizations. The study utilized financial data from 2017 IRS Form 990 filings of 644 U.S. nonprofit organizations with a 501(c)(3) tax exempt status. The researcher performed logistic regression analysis to determine and evaluate any associations between the financial variables and the existence of reported fraud. Three of the financial variables, cash growth rate (p=.001), asset growth rate (p=.046), and the ratio of disqualified compensation to total compensation (p=.033), were found to be statistically significant as individual predictors for reported fraud in the sample analyzed. The prediction model using seven financial variables (revenue growth rate, program expense ratio, cash growth rate, the ratio of cash to total assets, asset growth rate, the ratio of top compensation to total expenses, and the ratio of disqualified compensation to total compensation) was found to be a significant prediction model (p=.001) for reported fraud in the sample analyzed. The model explained five percent (5%) of the variance in the likelihood of fraud and correctly classified 66.7% of the cases analyzed. The findings of this research are useful to auditors, policymakers, management, board members, donors, creditors, and other stakeholders of nonprofit organizations for evaluation of fraud risk, analysis, and development of effective internal controls to protect against fraud.

Download or read book Charitable Solicitation Fraud written by United States. Congress. Senate. Committee on Commerce, Science, and Transportation. Subcommittee on the Consumer and published by . This book was released on 1994 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: