Fraud in Nonprofit Organizations
Intermediate
Online
Description
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.
Key Takeaways:
- 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
Prerequisites
Knowledge of basic fraud examination techniques
You Will Learn How To:
Ascertain what internal and public information is available for fraud examinations regarding nonprofits
Differentiate the ways nonprofits are regulated compared to other organizations
Identify fraud schemes commonly committed against nonprofits
Recall the steps necessary for due diligence during an investigation of a nonprofit
Recognize behavior by agents that could cause a nonprofit organization to be liable for fraud
Select the fraud prevention controls that are most effective in the context of nonprofits
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 |
CPE Information
| CPE Credit: | 4 |
|---|---|
| NASBA Information: | Auditing |
| Advanced Preparation: | None |
| Last Updated: | November 2024 |
| Delivery Method: | QAS Self-Study |
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CPE Credit
Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.
ACFE Online Self-Study Courses
Features:
- 24/7 access to courses through your Internet browser
- Save time and quickly earn CPE credits with instant access, grading and printable certificate
- The flexibility to start or stop a course and pick-up right where you left off
- No additional shipping fees
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System Requirements:
- Internet access: High-speed connection recommended
- Speakers required for video sound
The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.
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