Fraud Risks in Nonprofits: Trends and Strategies for 2025
Nonprofits are increasingly prioritizing fraud prevention to protect their resources and fulfill their mission. In 2025, two key areas require attention: internal fraud by employees and external risks to systems and data. Proactive measures can help organizations address these challenges and maintain financial integrity.
Key Internal Controls for Small Nonprofit Organizations
Many small nonprofits face challenges with weak or inadequate internal control systems, often due to limited staffing and financial resources. Without effective safeguards, these organizations are at greater risk of errors, fraud, and financial mismanagement, which can damage their reputation and disrupt operations. Implementing strong controls helps build trust and allows nonprofits to stay focused on their mission.
Safeguarding Nonprofits with Segregation of Duties
Segregation of duties (SOD) is a key internal control that helps nonprofits reduce fraud, improve accuracy, and build trust. Start the 2025 by exploring the importance of SOD, strategies to overcome common challenges, and actionable steps for establishing strong internal controls.
PBMares Announces Relocation of Norfolk, VA Office
PBMares has moved its Norfolk, Virginia office to the 19th floor of the Wells Fargo Center on Monticello Avenue. The Firm sought out new office space to accommodate a growing workforce.
Is a Roth Conversion Right for You?
The number of investors who are converting their IRAs to Roth for tax free growth are on the rise. Is a Roth conversion the right step for your financial planning strategy?
PBMares Adds Eight New Partners
PBMares, LLP is excited to announce eight new partners effective January 1, 2025. This expansion enhances expertise across key practice areas, including government contracting, construction and real estate, not-for-profit, risk advisory, and outsourced accounting.
