Fraud is uncomfortable to talk about especially in the nonprofit world. Missions are noble, staff are passionate, and trust runs deep. Unfortunately, that same culture of trust is often what makes nonprofits vulnerable. In the audit world, we say: "Trust, but verify."The reality is that nonprofits of all sizes are...
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The Form 990 is often called an “informational return,” but for nonprofits it’s much more than just a tax filing. This document is a window into a nonprofit’s financial health, governance practices, and mission impact. Donors, board members, staff, and even regulators use the Form 990 to assess accountability and...
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We often receive calls from nonprofit organizations preparing for their first financial statement audit—and the motivations vary:“We just hit $500,000 in revenue.”“Our board thinks it’s a best practice.”“We’re applying for bigger grants.”Or sometimes: “We’ve had a fraud incident and need help understanding what happened.”All understandable reasons, but let’s clear up...
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