Whitepaper: A Nonprofit’s Guide to Internal Controls
Nonprofit organizations aren’t immune to fraud. The Washington Post found that among approximately 1,000 nonprofits, losses due to fraud, theft, and embezzlement amounted to close to half a billion dollars in total.
In this whitepaper you will learn:
- The role internal controls should play in your organization
- 5 expectations to outline around internal controls for your team
- Top 7 internal controls 501(c)3 organizations should implement in order to properly protect their funds and financial information
- Segregation of duties that help maintain compliance with Sarbanes-Oxley
- How to create a culture of responsibility among your management team
- Technology tools for accountability and control