Building Ironclad Internal Controls to Prevent Fraud in Your Nonprofit (NOT2604)
In this dynamic session, three experienced nonprofit leaders will share innovative and practical approaches to designing, strengthening, and auditing internal controls tailored to the nonprofit environment.
Format
Online
NASBA Field of Study
Accounting
Level
Intermediate
CPE Credits
1.5
Author(s)
William Donahue
Availability
1 year
Product Number
BLIBOCBII26SSO
This course can also be purchased as part of the Best of the AICPA Not-for-Profit Industry Conference Bundle.
Fraud risks — from misdirected contributions and unauthorized expenditures to weaknesses in cash handling and program disbursements — pose ongoing threats to a nonprofit’s financial stability and stakeholder trust. In this dynamic session, three experienced nonprofit leaders will share innovative and practical approaches to designing, strengthening, and auditing internal controls tailored to the nonprofit environment. Attendees will learn how to build fraud-resilient processes in high-risk areas, such as cash disbursements, financial aid allocation, donation management, and program specific expenditures. Through an engaging “Fraud Prevention Case Study” and a hands-on risk assessment exercise, participants will gain actionable tools that support stronger oversight, streamlined audit preparation and a culture of accountability that enhances clarity, reduces bias, and reinforces donor and board confidence.
Who Will Benefit
- CPAs, CGMA designation holders, accountants, consultants, tax advisers, auditors and other financial managers with not-for-profit clients
- NFP financial executives, including CFOs, CEOs/executive directors, controllers, directors of finance and board trustees
- Fiscal managers and staff at not-for-profits
Key Topics
- Fraud Prevention Begins with Strong Internal Controls
- Segregation of Duties Is the Most Critical Defense
- Cyber Fraud and Payment Fraud Are Growing Threats
- Technology Creates Both Opportunities and Risks
- Nonprofits Face Unique Control Challenges
- Documentation Is Essential
- Governance and Culture Matter as Much as Process
- Continuous Monitoring Beats Annual Reviews
Learning Outcomes
- Identify key fraud risks in the not-for-profit sector.
- Choose strong internal controls to prevent and detect fraud.
- Apply audit-ready approaches to high-risk processes.
- Use risk assessments with greater precision.
Group ordering for your team
2 to 5 registrants
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US customers call 1-800-634-6780 (option 1)
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