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Avoid Fraud with Effective Policies and Controls

Audit Partner Terri McKnight provides an overview of key steps nonprofits can take to develop effective policies and controls, and protect against fraud. Included in this article, which appeared in the American Society of Association Executives’Associations Now publication, are these recommendations:

  • Perform a risk assessment to identify vulnerabilities
  • Address the overall control environment
  • Don’t let reduced staffing levels affect controls
  • Regularly reconcile accounts
  • Maintain supporting documents
  • Review IT department controls
  • If fraud has occurred, prosecute

 


We love working with Andreas at Water For People!  He is a consummate professional yet encourages, even expects, a high standard of quality work but does so without being intimidating or demanding. 

Crystal Huish, CPA, CGMA |  Controller
Water for People