Many not-for-profits increase their occupational theft risk by devoting too little of their budget to internal controls, placing excessive trust in staffers and volunteers and failing to punish fraud perpetrators appropriately. Board members who lack the financial knowledge to spot irregularities are another risk. Because your organization likely can’t afford any fraud losses, you need
occupational fraud Archives - Crawford Ellenbogen
Sep 18, 2019
Protect your nonprofit from occupational fraud threats
- By Ellenbogen
- Fraud, Non-Profit
- 0 Comments
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Jul 3, 2019
Apr 18, 2019
Why executives pose the greatest occupational fraud risk
- By Ellenbogen
- Business, Fraud
- 0 Comments
Business owners and executives commit only 19% of all occupational fraud, but they cause a median loss of $850,000, vs. $100,000 for regular employees. So spotting red flags is critical. Crooked executives may be reluctant to cooperate with internal investigations, outside auditors and regulators, and may become agitated or annoyed when probed about financial discrepancies.
Jan 31, 2019
Are your employees flying the red flags of fraud?
- By Ellenbogen
- Fraud
- 0 Comments
Forensic accountants are best qualified to unearth the “hows and whys” of occupational fraud. But it’s up to employers to know when it’s time to call for professional help in the first place. The signs of fraud can be easy to miss, but they’re usually there. Something doesn’t belong Dishonest employees may use anything from