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.

2025-01-27T11:59:49-05:00January 27, 2025|Categories: Fraud/Forensics, Not-for-Profit, Risk Advisory|Tags: |

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.

2025-01-22T08:47:10-05:00January 22, 2025|Categories: Uncategorized, Not-for-Profit|Tags: |

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.

2025-01-21T13:11:02-05:00January 21, 2025|Categories: Not-for-Profit|Tags: |

The Importance of Cybersecurity Resiliency for Nonprofit Organizations

Cybersecurity resiliency is important for nonprofits. An organization that has strong cybersecurity resiliency protects its sensitive data and ensures that it can fulfill its mission without interruption.

2025-01-02T15:53:22-05:00December 19, 2024|Categories: Not-for-Profit, Risk Advisory|Tags: |

Navigating Compliance and Regulatory Risks for Nonprofits

Nonprofit organizations have unique missions and purposes, often dedicated to bettering society. However, even the best-intentioned organizations can face significant compliance and regulatory risks if they’re not proactive in managing their responsibilities. Explore three major areas of compliance risk and strategies to help nonprofits navigate them effectively.

2024-11-26T13:41:22-05:00November 27, 2024|Categories: Not-for-Profit, Risk Advisory|Tags: , |

Navigating Strategic Risk in Nonprofit Organizations

Three major areas where strategic risk commonly arise for nonprofits are the inability to adapt to external shifts, the misalignment of programs with the organization’s mission, and a lack of innovation. Here’s a closer look at each, along with strategies to help nonprofits thrive despite these challenges.

2024-11-26T11:32:32-05:00November 26, 2024|Categories: Not-for-Profit, Risk Advisory|Tags: , |

Mitigating Legal Risks in Nonprofit Organizations: Key Areas to Address

Nonprofits are exposed to legal risks that could have substantial financial and reputational impacts. Recognizing and managing these risks is crucial to maintaining trust with funders, partners, and the communities served. Here’s a look at three common areas of legal risk for nonprofits and how they can be effectively mitigated.

2024-11-22T10:09:54-05:00November 22, 2024|Categories: Not-for-Profit, Risk Advisory|Tags: , |

OMB Compliance Supplement: What to Know about Part 7

Single audits are essential for ensuring that organizations managing federal funds adhere to compliance requirements. While many programs are covered by specific rules in the OMB Compliance Supplement, others are not, requiring auditors to rely on Part 7 of the supplement. Learn more on what you should know about Part 7.

2025-01-22T14:51:55-05:00November 19, 2024|Categories: Audit & Assurance, Not-for-Profit|Tags: |
Go to Top

As Internet Explorer will discontinue browser security updates by August of 2021, this site is best viewed using Google Chrome, Safari or Microsoft Edge.

Click to Continue