Fraud—Could It Happen to My Nonprofit Presentation
November 20, 2024
Our recent “Fraud—Could It Happen to My Nonprofit?” training is designed to help nonprofit boards, executive directors, and finance teams understand how fraud occurs and how to strengthen internal controls before issues arise. In this session, our nonprofit specialists explain common fraud schemes targeting charitable organizations, including misappropriation of cash receipts, misuse of purchasing cards, payroll irregularities, and manipulation of financial reporting. We discuss warning signs to watch for, how limited staffing and concentration of duties can increase risk, and why a strong tone at the top is critical to safeguarding donor funds.
Participants learn practical steps to design and document internal controls, such as segregation of duties, independent review of bank reconciliations, proper approval workflows, and oversight from the board or finance committee. We also address the role of audits, agreed-upon procedures, and ongoing monitoring in reducing fraud risk and supporting grantor and donor confidence.
This training is particularly relevant for nonprofits seeking to maintain compliance with federal, state, and funding-source requirements while demonstrating responsible stewardship of public and donor resources. By applying the principles outlined in this fraud training, nonprofit organizations can improve transparency, protect their reputation, and support long-term mission success.
Please contact us with any additional questions you might have. Larson and Company has developed a suite of services specifically to serve the needs of companies of all sizes in a wide range of industries.
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