{"product_id":"preventing-fraud-in-nonprofit-organizations-isbn-9780471733430","title":"Preventing Fraud in Nonprofit Organizations","description":"IS YOUR NONPROFIT VULNERABLE TO FRAUD?\u003cbr\u003e \u003cbr\u003e \u003cbr\u003e \u003cbr\u003e Fraud or embezzlement discovered within a major corporation ultimately leads to front-page scandals and a few raised eyebrows. But the mere suggestion or evidence of fraud within a nonprofit can cause irreversible damage to its reputation, its support base, and, eventually, its very existence. Preventing Fraud in Nonprofit Organizations is the proactive manual your organization needs to detect fraud and prevent it from affecting your organization's bottom line and name. Brimming with details of hundreds of actual fraud and embezzlement schemes, it provides specific, practical advice on strengthening the areas in which your nonprofit may be most vulnerable.\u003cbr\u003e \u003cbr\u003e This hands-on guide shows nonprofit accountants, CFOs, financial consultants, board members, and managers how to:\u003cbr\u003e * Know the four consistent areas of high risk\u003cbr\u003e * Thoroughly evaluate their organization's system of internal controls\u003cbr\u003e * Assemble a fraud examination team\u003cbr\u003e * Document a fraud action plan\u003cbr\u003e * Expose weaknesses that could lead to fraud\u003cbr\u003e * Take corrective action to reduce the possibility of victimization\u003cbr\u003e \u003cbr\u003e \u003cbr\u003e Fraud deterrence is not exclusive to large corporations. Recommended reading for nonprofit professionals, Preventing Fraud in Nonprofit Organizations will motivate executives to take a fresh and intensive look at their organization's practices and act to protect from financial dishonesty.  \u003cp\u003eAbout the Author ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eDisclaimer xv\u003c\/p\u003e \u003cp\u003eAbout the Companion Website xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection 1 Not-For-Profit Organizations: Four Consistent Areas of High\u003c\/b\u003e \u003cb\u003eRisk Embezzlement: Who Does It and When 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNot-For-Profit Specific Issues 1\u003c\/p\u003e \u003cp\u003eSummary 4\u003c\/p\u003e \u003cp\u003eThe Perpetrators: Who They Are, Why They Do It, and How They Are Caught 4\u003c\/p\u003e \u003cp\u003eThe Embezzler’s “Window of Opportunity” 9\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection 2 Statement of Auditing Standard No. 99 “Consideration of Fraud in a Financial Statement Audit” 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStatement of Auditing Standard No. 99\u003c\/p\u003e \u003cp\u003e“Consideration of Fraud in a Financial Statement Audit” 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection 3 Essential Internal Control and Administrative Procedures to Avoid Embezzlement 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Background Check 23\u003c\/p\u003e \u003cp\u003eConditions of Employment Agreement 28\u003c\/p\u003e \u003cp\u003eConflicts of Interest 34\u003c\/p\u003e \u003cp\u003eNepotism 37\u003c\/p\u003e \u003cp\u003eWhistleblowers 39\u003c\/p\u003e \u003cp\u003eNoncompete Agreements 41\u003c\/p\u003e \u003cp\u003eConfidentiality of Information 43\u003c\/p\u003e \u003cp\u003eBonding Issues 45\u003c\/p\u003e \u003cp\u003eSigners on Bank Accounts 46\u003c\/p\u003e \u003cp\u003eTwo-Signature Checks 46\u003c\/p\u003e \u003cp\u003eLockbox 48\u003c\/p\u003e \u003cp\u003ePositive Pay 49\u003c\/p\u003e \u003cp\u003eDeposit Security and Restrictive Endorsements 50\u003c\/p\u003e \u003cp\u003eCheck Stock 52\u003c\/p\u003e \u003cp\u003eCash Transactions 53\u003c\/p\u003e \u003cp\u003eCash Register Issues 54\u003c\/p\u003e \u003cp\u003eInsurance Committees 54\u003c\/p\u003e \u003cp\u003eComputer File Backups 55\u003c\/p\u003e \u003cp\u003eCheck and Wire Transfer Signatures 56\u003c\/p\u003e \u003cp\u003eInventory Issues 58\u003c\/p\u003e \u003cp\u003eCompany Credit Cards 58\u003c\/p\u003e \u003cp\u003eLines of Credit 59\u003c\/p\u003e \u003cp\u003eBad Debt Policy 61\u003c\/p\u003e \u003cp\u003eInternal Audits 63\u003c\/p\u003e \u003cp\u003eStop Payment Orders 64\u003c\/p\u003e \u003cp\u003eVoiding Checks 66\u003c\/p\u003e \u003cp\u003eNumbered Check Request Forms 68\u003c\/p\u003e \u003cp\u003eExpense Accounts 70\u003c\/p\u003e \u003cp\u003eCPA Management Letters 71\u003c\/p\u003e \u003cp\u003eRandom Disbursement Checks 73\u003c\/p\u003e \u003cp\u003eCHECK 21 74\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection 4 Clever Examples of Embezzlement 77\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePayroll Tax Deposits 77\u003c\/p\u003e \u003cp\u003eCheck Switching 82\u003c\/p\u003e \u003cp\u003eGhosts on the Payroll and Ghost Vendors 88\u003c\/p\u003e \u003cp\u003eThe Danger of Acronyms 94\u003c\/p\u003e \u003cp\u003eBank Account Reconciliations 95\u003c\/p\u003e \u003cp\u003eWire Transfers 96\u003c\/p\u003e \u003cp\u003ePostage Issues 98\u003c\/p\u003e \u003cp\u003eKiting 100\u003c\/p\u003e \u003cp\u003eManual Checks (Handwritten and Typed) 101\u003c\/p\u003e \u003cp\u003eAuditing Receipts 104\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection 5 Steps to Take If You Have Been Victimized by Fraud 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDocumenting a Fraud Action Plan 105\u003c\/p\u003e \u003cp\u003eFraud Examinations and Assembling the Fraud Team 109\u003c\/p\u003e \u003cp\u003eThe Basics of Forensic Accounting 113\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSection 6 Internal Control Analysis, Documentation, and Recommendations for Improvement 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInternal Control Analysis, Documentation, and Recommendations for Improvement 121\u003c\/p\u003e \u003cp\u003eFraud Glossary 197\u003c\/p\u003e \u003cp\u003eIndex 217\u003c\/p\u003e \u003cb\u003eEdward J. McMillan\u003c\/b\u003e, CPA, CAE, is an experienced fraud examiner and teaches fraud prevention courses to organizations such as the American Institute of CPAs, the Maryland Association of CPAs, other state societies of CPAs, the U.S. Chamber of Commerce, and the American Bar Association, among others. Ed also speaks regularly on the subject of fraud prevention at business conventions of all types and can be reached at (410)893-2308 or contacted via email at emcmillan@sprintmail.com.  \u003cb\u003eIS YOUR NONPROFIT VULNERABLE TO FRAUD?\u003c\/b\u003e  \u003cp\u003eFraud or embezzlement discovered within a major corporation ultimately leads to front-page scandals and a few raised eyebrows. But the mere suggestion or evidence of fraud within a nonprofit can cause irreversible damage to its reputation, its support base, and, eventually, its very existence. \u003ci\u003ePreventing Fraud in Nonprofit Organizations\u003c\/i\u003e is the proactive manual your organization needs to detect fraud and prevent it from affecting your organization's bottom line and name. Brimming with details of hundreds of actual fraud and embezzlement schemes, it provides specific, practical advice on strengthening the areas in which your nonprofit may be most vulnerable.\u003c\/p\u003e \u003cp\u003eThis hands-on guide shows nonprofit accountants, CFOs, financial consultants, board members, and managers how to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eKnow the four consistent areas of high risk\u003c\/li\u003e \u003cli\u003eThoroughly evaluate their organization's system of internal controls\u003c\/li\u003e \u003cli\u003eAssemble a fraud examination team\u003c\/li\u003e \u003cli\u003eDocument a fraud action plan\u003c\/li\u003e \u003cli\u003eExpose weaknesses that could lead to fraud\u003c\/li\u003e \u003cli\u003eTake corrective action to reduce the possibility of victimization\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFraud deterrence is not exclusive to large corporations. Recommended reading for nonprofit professionals, \u003ci\u003ePreventing Fraud in Nonprofit Organizations\u003c\/i\u003e will motivate executives to take a fresh and intensive look at their organization's practices and act to protect from financial dishonesty.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989846868197,"sku":"NP9780471733430","price":80.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471733430.jpg?v=1761785655","url":"https:\/\/k12savings.com\/products\/preventing-fraud-in-nonprofit-organizations-isbn-9780471733430","provider":"K12savings","version":"1.0","type":"link"}