IRS Form 990 entries can signal fraud
If you thought your nonprofit was safe from fraud and embezzlement, think again. According to a Washington Post article, thousands of nonprofits have found “diverted funds”. The Association of Certified Fraud Examiners ranked charities, religious organizations and social services as #19 in their 2012 report of Occupational Fraud & Abuse with median losses amounting to $85,000. (more…)
