Risk Management: Contain Threats Before They Become Critical
Financial risks may be the most obvious threats to the well-being of nonprofits, but these organizations need to worry about other risks as well — from their reputation in the […]
Preventing Embezzlement At Your Organization
When an employee is caught embezzling funds at a giant multinational corporation, news outlets are eager to broadcast the story from coast to coast. Yet small organizations are victimized by […]
Residential Program Advisor Linked To Bank Fraud Scheme
An advisor in a Philadelphia residential mental health support program was recently indicted in connection with a bank fraud scheme. A United States Attorney for the District of Maryland, along […]
The Role of the Audit Committee
Your nonprofit’s audit committee has special responsibilities during an independent audit. This team is usually made up of board members and possibly others who are independent of the organization. The […]
How to Take the Stress Out of an Independent Audit
When you think of your next audit by an outside CPA firm, do you fear hearing words such as “unexplained differences,” “unsatisfactory explanation,” “noncompliant” and “we’ll need more time”? If […]