Fraud Overview and Prevention: Not-for-Profit Governance and Assurance
Work through real world examples to understand fraud schemes and errors that are found in not-for-profit organizations.
Format
Online
NASBA Field of Study
Business Management and Organization
Level
Basic
CPE Credits
2
Author(s)
Karen Craig
Availability
1 year
Product Number
165153
This CPE course is included in the comprehensive Not-for-Profit Certificate I Program. It can also be purchased individually or as a part of the Not-for-Profit Governance and Assurance track.
No one wants to believe that they or their not-for-profit (NFP) could be the victim of fraud, but unfortunately no one is immune. In this CPE course, you will work through real world examples to understand fraud schemes and errors that are found in NFP organizations. You will learn how an NFP’s board and management can implement effective internal controls to address the risk of fraud and so that such issues are more likely to be prevented or detected in a timely manner.
Note: As of August 1, 2018, the content of this course has been significantly updated to reflect implementation of FASB Accounting Standards Updates (ASUs) effective for most not-for-profit entities for their next financial reporting period, including those related to financial statement presentation (ASU 2016-14) and revenue recognition (ASU 2014-09 and ASU 2018-08)
- Unique characteristics of NFPs
- Fraud basics
- Fraud triangle
- Profile of a fraudster
- Financial reporting fraud risks in NFPs
- Misappropriation of assets fraud risks in NFPs
- Procurement and contracting frauds
- Cash receipts fraud
- Fraudulent disbursements
- Personnel frauds
- Property, plant and equipment frauds
- Diversion of program benefits and assets
- Identify the unique characteristics and situations that exist in NFPs which create or increase the potential for fraud.
- Indicate how traditional fraud programs and controls may be adapted to respond to fraud risks that are unique to NFPs.
- Recognize the areas where fraud typically occurs in NFPs.
- Determine how to effectively respond to common fraud risks in NFPs.
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2 to 5 registrants
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