Fraud Risk Is on the Rise for Nonprofits - Impact Can Be Fatal
April 14, 2015Nonprofit fraud is on the rise, according to a number sources, and may account for 10% of all fraud in the US. The implication is that many nonprofits are at risk, probably due to a deficit in financial controls, say Eric A. Kreuter, CPA and Partner, Litigation and Financial Advisory Services Group, and Hope Goldstein, CPA and Partner, Nonprofit and Government Services Group, at Marks Paneth LLP. Nonprofit leaders need to know the danger, probe for weaknesses and improve controls.
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