Occupational fraud can be particularly troublesome to nonprofit organizations, given the public trust needed by those organizations to be funded and fulfill their missions. Unfortunately, fraud in general and in nonprofits is rather widespread. An article in the Washington Post highlighted the prevalence of fraud in nonprofits and described some specific examples.
The Association of Certified Fraud Examiners (ACFE) is the largest organization dedicated to the study of fraud and how to prevent or detect it. Every other year, most recently in 2014, they publish a “Global Fraud Study.” The numbers reported in the 2014 report …read more
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