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Tag Archives: fraud
Data Analytics – A New Era of Auditing
Artificial Intelligence (AI) is impacting our world in many ways, and the auditing profession is no exception. As a result of the advancements in technology, specifically related to data analytics, auditors are now able to perform audit procedures on entire … read more
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Tagged audit, data analysis, data analytics, data mining, fraud, government, non-profit, NPO
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Practical Internal Controls for Small Organizations
Our firm works with organizations with varying staff sizes, but regardless of size, every organization must implement a system of internal controls over key financial processes and financial reporting.While this can be difficult for small organizations where many employees “wear … read more
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Tagged accounting, Arizona, audit, compliance, CPA, CPA firm, fraud, internal control, job responsibilities, nonprofit, oversight, theft
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Quick Tips for Spotting Billing Schemes
Just because you have an invoice to match every expense, it does not mean your employees are not stealing money. In fact, the global study on fraud published by the Association of Certified Fraud Examiners has identified billing schemes, year … read more
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Tagged accounting, accounts payable, billing schemes, employee theft, fraud, internal controls, school districts
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Red Flags: Don’t Miss the Warning Signs
According to a recent study by the Association of Certified Fraud Examiners, over 40% of all fraud is detected by a tip, such as a whistle-blower. When fraud occurs, the first thing asked is, “How did we miss that?” Conducting … read more
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Tagged Arizona, data analysis, fraud, government, internal controls, nonprofit, red flags, risk assessment
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Credit Card Scams Target Nonprofits, Too
Last fall, retail giant Target was affected by a major data breach that involved millions of customer credit and debit card holders. While most fraudsters probably aren’t rushing to make a donation to their favorite nonprofit, it may surprise you … read more
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Tagged 501(c), Arizona, credit card fraud, donations, fraud, fraudsters, New Mexico, non-profit, nonprofit, not-forprofit, online fraud
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Essential Cash Internal Controls for Small Nonprofit Organizations
If your nonprofit organization has just a handful of employees (or maybe only one!), developing appropriate internal controls for cash and bank accounts are critical for maintaining the security of your organization’s funds. Below are some recommended processes to help reduce opportunity … read more
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Tagged Arizona, cash, fraud, internal controls, New Mexico, non-profit, non-profit accounting, not-for-profit, NPO
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