Nonprofit Spark – How fraud happens and how to prevent it in nonprofits like your own – 12/09/13
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Description
This week, we look at fraud because it's been in the news a lot lately. It all started with a series of stories in the Washington Post the fall, and the tales of woe for organizations large to small are heartbreaking. My guest is John P. Langan, a CPA and managing partner with CliftonLarsonAllen (http://www.claconnect.com/Nonprofit), our show sponsor. We discuss common ways people steal from organizations and their personality types; accounting procedures that can protect your from fraud; what to do if you suspect fraud; how to think about investments, and more. This interview clips along and is easy to follow for even the most novice nonprofit leader. A related show is a courageous and generous interview with the leader of Open Arms of Minnesota who describes her organization's experience with fraud. How they handled it is a textbook example of what you should be prepared to do if it happens to you. That show aired the week of March 19, 2012 (http://webtalkradio.net/internet-talk-radio/2012/03/19/nonprofit-spark-–-nonprofit-crisis-management-best-practices-dealing-with-fraud-031912/). You owe it to your staff, donors and constituents to be good stewards of your resources. It's not hard if you use time-tested procedures and create a climate where everyone can ask questions. I hope you enjoy and share the show.
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