Nonprofit organizations not only provide essential services to the public, they also form a sizable portion of the global economy. Whether a nonprofit’s mission involves supporting community and business development, health care services, religious activities, research and educational opportunities, or a host of other services, the work often requires substantial funding and a team of directors, employees and volunteers. While the mission-above-profit aspect of these organizations might lull one into thinking that fraud is less of a problem than it is in the for-profit sector, nonprofits face many unique fraud risks.
To help reduce the risk of fraud-related losses at nonprofits, fraud examiners need to understand the most common types of schemes perpetrated at nonprofits. This course covers schemes committed against the nonprofit by employees or insiders, those committed by external parties, as well as fraud that can be attributed to the nonprofit itself. Additionally, you will learn to identify the most effective fraud detection and prevention methods based on an organization’s particular risks.
- The steps for investigating a nonprofit organization
- The most common types of nonprofit schemes
- How nonprofits are regulated differently than other organizations
- What actions can cause a nonprofit to be liable for fraud
ACFE Ordering and Return Policy
You Will Learn How To:
- Differentiate the ways nonprofits are regulated compared to other organizations
- Identify fraud schemes commonly committed against nonprofits
- Recognize behavior by agents that could cause a nonprofit organization to be liable for fraud
- Ascertain what internal and public information is available for fraud examinations regarding nonprofits
- Recall the steps necessary for due diligence during an investigation of a nonprofit
- Select the fraud prevention controls that are most effective in the context of nonprofits
ADVANCED PREPARATION: NONE
FIELD OF STUDY: SPECIALIZED KNOWLEDGE
LAST UPDATED: NOVEMBER 2020
DELIVERY METHOD: QAS SELF-STUDY
Table of Contents:
- Part I: Introduction to Fraud in Nonprofits
- Lesson 1: The Harms and Perception of Fraud in Nonprofits
- Lesson 2: Regulatory Frameworks of Nonprofits
- Part II: Common Fraud Schemes Against Nonprofits
- Lesson 3: Embezzlement and Misappropriation Schemes
- Lesson 4: Procurement and Billing Schemes
- Lesson 5: Corruption Schemes
- Lesson 6: Beneficiary Schemes
- Part III: Fraud Schemes Committed by Nonprofits
- Lesson 7: Theft and Misuse of Assets
- Lesson 8: Marketing and Fundraising Schemes
- Lesson 9: Financial Statement and Accounting Schemes
- Part IV: Investigating Nonprofit Fraud
- Lesson 10: Sources of Information
- Lesson 11: Analyzing Financial and Internal Records
- Lesson 12: Due Diligence Inquiries
- Lesson 13: Governance
- Lesson 14: Fraud Risk Assessment
- Lesson 15: Effective Internal Controls for Nonprofits
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