Fraud Prevention Techniques for Nonprofits
1 hour 30 minutes
Learn about the hottest topics in fraud schemes and simple steps for detection and prevention.
Just as closely held and publicly traded corporations are bound by a myriad of federal and state statutes and regulations, nonprofit entities are similarly regulated and are even bound by additional requirements, particularly with nonprofit tax status. Unfortunately, those serving as officers, directors, or employees of nonprofits fail to look at their entities’ operations with a critical eye, perhaps under the belief that their benevolent entity can do no wrong. This problem plagues different nonprofit institutions, from universities to hospitals and even public interest advocacy organizations. Those who operate nonprofits, including compliance officers and directors, need to understand the basic laws that govern their operations. They need to ask critical questions and be aware that their failure to act will ultimately leave them open to a day where a whistle-blower will step forward and lend transparency to matters where compliance is merited. This topic addresses the basic areas of concern and the role of whistle-blowers in bringing accountability to nonprofit organizations.
• You will be able to define the obligations of nonprofit leadership in detecting, investigating, and evaluating fraud.
• You will be able to discuss the basic avenues for whistle-blowers seeking to address derelictions in the nonprofit arena.
• You will be able to explain the basic legal overlay that should concern nonprofit leadership.
• You will be able to identify basic areas of conduct that could pose problems for nonprofits, or provide places where whistle-blowers are needed to lend transparency to wrongdoing.