BKD CPAs & Advisors is a Nonprofit Connect Business Premium Member. In this post, they outline how to best prepare for your annual audit.
Guest Post: BKD CPAs & Advisors
It’s no secret that fraudulent incidents in the nonprofit sector are on the rise. In fact, according to the Association of Certified Fraud Examiners’ (ACFE) 2014 Global Fraud Study, the median loss for nonprofit organizations due to fraud that year was $108,000, up 20 percent from 2010. Even more shocking is that smaller organizations tend to suffer larger losses due to occupational fraud. When boiled down, fraud occurs when three factors align: pressure, opportunity and rationalization. This is known as
Nonprofit Connect recently hosted Sharon Latimer, Amy Altholz and Katherine Girgis from RubinBrown LLP for a program on Hot Topics in Nonprofit Finance in 2015. All from the Not-for-Profit Services Group, they explored industry trends and shared insight into the financial landscape for the next year. The full presentation is available to Nonprofit Connect members on ResourceLink. Nonprofit Connect’s Office Manager, Amanda Rehani, sat in and summarized the financial topics that your organization should be