Financial Fraud in Non-Profit Organisations30-November-2010 Fraud and Insolvency By admin
Fraud can happen in any business. However non-profit organisations sometimes have looser controls so may be more susceptible to fraud. The statistics about fraud are also interesting. More men commit corporate fraud than women.
It can be relatively easy for employees to take advantage of a lack of business controls. Simple things like no double signing of cheques, not checking bank statements – or simply having too much control by only a few staff members.
Comment from Mark Streeter – Sydney fraud lawyer
Fraud is not always premeditated. Rather fraud can be opportunistic. Yet if fraud is not caught early, employers can continue to abuse the situation and cause more damage to the business. If you suspect fraud give us a call.