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uncovering FRAUD at Medford Non-Profits
Did you know?
In fact, only 3.3% of workplace fraud is detected during an independent audit, according to the Association of Certified Fraud Examiners’ (ACFE) 2012 Report to the Nations.
Instead, fraud is often uncovered because of a tip.
ACFE recommends that educating employees to detect fraud is the key to preventing and detecting workplace fraud. A strategy to raise awareness about fraud at the workplace is to invite the nonprofit's Directors and Officers liability insurance carrier, bank, or even local law enforcement, to make a presentation at a staff or board meeting to raise awareness about ways fraud is often carried out. Don't forget to let your board members know what the nonprofit is doing to avoid and detect fraud. Consider the following steps that can help raise awareness about fraud among staff and board: