Business
Description
Vocal Characteristics
Language
EnglishVoice Age
Middle Aged (35-54)Accents
North American (General)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
misappropriation of assets and embezzlement and nonprofits is a common. It happens more often than you think, be relatively easy to do by employees intent on fraud and see possible to prevent, with simple to implement yet strong, well designed financial systems and procedures. Financial fraud committed by trusted nonprofit employees is a ticking time bomb waiting to go off if the organization does not take the necessary precautions. An organization is most susceptible to financial fraud if it has lax financial controls with few checks and balances, and then compounds the problem by looking the other way. Sound familiar? Who is responsible for nonprofit fraud when the crooks, of course, but mostly the board and senior managers are also asleep at the switch or the crooks could not have succeeded. The board and management don't demand and implement adequate financial checks and balances in the organization