150: Navigating Nonprofit Success with Forensic Accounting: A Dive into Integrity and Innovation
Description
Book a 1:1 strategy call with Teresa Huff: www.teresahuff.com/mentor
In this episode of the Grant Writing Simplified Podcast, I have a fascinating conversation with Chris Ekimoff, a forensic accountant specializing in litigation consulting and forensic accounting services. Chris discusses the importance of financial vigilance and proactiveness in nonprofits to prevent fraud and financial mismanagement. He emphasizes that it's not about fostering suspicion but about creating awareness and setting up good systems, checks, and balances. We touch upon various topics, including the value of having financial or legal professionals on nonprofit boards, the necessity of self-awareness and admitting organizational weaknesses, and the idea of 'trust but verify' to maintain a healthy and transparent nonprofit culture. We advocate for collaboration among nonprofits to learn and grow together, emphasizing that it's not a competitive but a collective mission to serve communities better. This conversation is aimed at helping nonprofits understand the significance of good financial practices and how to implement them to ensure their organization's and mission's sustainability.
00:00 Welcome and Workshop Announcement
00:47 Introducing Forensic Accounting with Chris Ekimoff
03:36 Chris Ekimoff's Unique Background and Forensic Accounting Explained
05:01 The Importance of Forensic Accounting in Nonprofits
13:32 Practical Steps for Nonprofits to Prevent Fraud
19:58 The Balance of Trust and Compliance in Nonprofit Culture
27:25 Navigating Your Career with Skiing Wisdom
28:18 Strategic Planning for Nonprofits
31:23 The Power of Collaboration in the Nonprofit Sector
33:57 Elevating Nonprofit Impact: Moving Upstream
37:31 Cultivating a Culture of Openness and Improvement
45:56 Leveraging Professional and Personal Resources
48:20 Connecting and Sharing Resources for Nonprofit Success
Connect with Teresa Huff:
Website: www.teresahuff.com
Watch the TEDx: The Real ROI of Grant Writing
Take the Quiz: https://teresahuff.com/share-quiz/
Social:
https://www.linkedin.com/groups/12544635/
https://www.linkedin.com/in/huffteresa/
https://www.instagram.com/grantwritingsimplified/
https://www.pinterest.com/grantwritingsimplified/
https://youtube.com/@grantwritingsimplified
Get on the Fast Track to Grant Writer:
www.teresahuff.com/vip
In this shorter, experimental format episode of Grant Writing Simplified, Teresa shares insights on the importance of asking different questions to navigate challenges in the nonprofit sector.
Drawing from her experiences leading workshops and serving as a sounding board for nonprofit...
Published 04/09/24
In this episode, I'm doing something a little different. I was recently invited to be a podcast guest on the Marketer of the Day podcast by Robert Plank and I was happy to do that. It was such a fun conversation. He asked such really good questions that I thought, why not share it here with you...
Published 04/02/24