All nonprofit organizations are at risk for fraud, and there are many different ways it can occur.
At CapinCrouse, we understand the unique fraud risk higher education institutions, churches, mission organizations, and other nonprofits of all sizes face. The CapinCrouse Fraud Checkup™ is designed to provide a comprehensive, customizable analysis of your organization’s fraud risk and meaningful recommendations to reduce it.
Insight and Analysis to Help Protect Your Organization from Fraud
The Fraud Checkup consists of three components to help identify fraud risks for your organization and provide best practice solutions to help you mitigate those risks:
- Fraud Risk Assessment – We will guide you through a comprehensive fraud risk assessment tool and interview various personnel in your organization to gain an understanding of your activities, duties, processes, and areas of increased fraud risk.
- Internal Control Analysis – We’ll assess your internal control documentation, policies, and procedures to help determine whether you have the appropriate checks and balances in place to reduce the likelihood of fraud.
- Detailed Tests – We will perform detailed tests for areas of significant fraud risk.
Benefit from Our Nonprofit Fraud Expertise
The Fraud Checkup was designed by a dedicated team of Certified Fraud Examiners (CFEs) who also supervise a team of accountants specifically trained to work with nonprofits. We also have experience with forensic engagements.
At the end of your checkup, you’ll receive a confidential, customized report detailing:
- Areas that appear to have increased vulnerability to fraud
- Action steps and best practice tips to help prevent or detect fraud in your organization
We will also meet with you to review the report.
Help Protect Your Organization’s Finances – and Your Reputation
According to the Association of Certified Fraud Examiners’ 2018 Report to the Nations, 53% of organizations that fall victim to fraud do not recover any of their losses, and 32% make only a partial recovery. And in addition to the financial loss, fraud can have a significant and long-lasting impact on an organization’s reputation and public trust, whether you are a church or denomination, higher education institution, or other nonprofit organization.
Learn more about nonprofit fraud: