CPA and non-profit consultant Vonna Laue helps to identify why churches fall victim to fraud, how you can recognize it — and what you can do about it. Why do churches fall victim to fraud? Trust: It’s the baseline. If you don’t trust your employees or volunteers, you need to address that. I would expect […]
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“What happens in accounting, stays in accounting.” If your finance team’s motto goes something like this, you might have an internal controls problem. Internal controls are put in place to clearly define proper procedures for finance and accounting team members, to minimize risk, and to alleviate suspicion. Even churches must mitigate risk and ensure that policies and procedures are in place and functioning as intended.
Read More > Now more than ever, all organizations are exposed to risk, including cyber security breaches and internal fraud. Religious institutions — which strive on building a trusting relationship with their members and employees on the foundation of religious beliefs, coupled with tight budgets and limited financial oversight — are even more vulnerable to fraud and abuse.
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Banks are in the business of risk management — so, who better to help your ministry manage fraud and the onslaught of cybercrime making news almost every day?
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