As part of our ongoing commitment to providing timely, relevant educational outreach opportunities for our clients and friends, Schneider Downs recently hosted a seminar on fraud and the impact that fraud can have on the nonprofit sector on February 8, 2011.
Marc P. Brdar, a Senior Manager in the Schneider Down’s business advisory practice, led discussion on where nonprofits are most susceptible to fraud, and gave recent examples of where fraud has impacted the nonprofit sector. Nicole P. Saldamarco, a Senior Manager in Schneider Down’s Internal Audit and Risk Advisory Services practice, followed Marc’s presentation by discussing what nonprofit organizations can do to assess the strength of their control environment to prevent fraud, and to help identify measures that organizations can take now to protect them from being subject to fraud.
The message was clear, fraud can and does happen to nonprofit organizations, and it is critical for organizations to create a control environment that minimizes the risks of fraud.
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