Fraud Considerations for Nonprofits: Part 5 – Fighting Fraud

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Earlier articles in our nonprofit fraud series focused on the underlying causes and signs of fraud. Now that you are armed with that information, what can you do about it? Fighting fraud requires elements of prevention, deterrence and detection.

  • Prevention is controls designed to reduce the risk of fraud from the beginning such as hiring the right people.
  • Deterrence involves policies and procedures to deter someone from wanting to commit fraud.
  • Detection relates to finding something if it has occurred.

Examples of effective anti-fraud controls include:

  • Employee background checks in hiring decisions
  • A code of conduct for employees and Board members
  • A review of computer security
  • Segregation …read more

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