Monday, October 12, 2015
Is your nonprofit safe from fraud?
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
