Current Nonprofit Fraud Trends: What to Look Out For

Learning Objectives

• To analyze diverse fraud detection methods and their relative effectiveness.
• To discuss the cause and impact of real-life fraud cases.
• To list cybersecurity risks relevant to nonprofits.
• To discuss and evaluate the role of anti-fraud controls, including external audits, in mitigating fraud risks.
• To assess the value of hotlines in detecting fraud and explore best practices for whistleblower reporting.
• To explain how to apply professional skepticism in the audit process, recognise red flags and implement effective engagement team discussions.

Course Description

Explore the dynamic landscape of nonprofit fraud with our comprehensive CPE course, "Current Nonprofit Fraud Trends." Delve into a wealth of insights across seven sections, unravelling key fraud detection methods, anti-fraud controls, and invaluable case studies tailored to the nonprofit environment.

In this in-depth course, you'll navigate the intricacies of fraud prevention and detection. Learn about the most common anti-fraud controls, including external audits, formal codes of conduct, and the critical role of internal audit departments. Uncover the most effective strategies for reducing both the amount and duration of fraud losses, offering your organization robust defenses against potential threats.

Discover the critical value of hotlines in detecting and preventing fraud, with organizations equipped with hotlines experiencing quicker fraud detection and decreased median losses. Gain insights into whistleblower reporting mechanisms and explore the best practices for establishing an effective whistleblower hotline.

Major Topics:

• Fraud Detection Methods
• Anti-Fraud Controls
• Hotline Value and Whistleblower Reporting
• Professional Skepticism and Auditor's Responsibility
• Management's Role in Fraud Prevention
• Working Conditions Affecting Fraud Risk
• Case Studies in Nonprofit Environments

Our CPE Auditing course doesn't just cover theoretical concepts; it provides practical tools for auditors, emphasizing the importance of professional skepticism and effective engagement in team discussions. Learn how to recognize red flags, implement fraud prevention checklists, and integrate Computer-Assisted Audit Techniques (CAATs) for enhanced risk assessment.

Overview

• Fraud definition per SASs

  6 mins
• Top 5 median losses by industry

  22 mins
• Top fraud schemes in other industries (Excluding Corruption)

  38 mins
• Travel and Expense Reimbursement fraud indicators

  57 mins
• Top fraud concealment schemes

  80 mins
• Is the tone at the top one of Honesty and Integrity?

  105 mins
• Core security strategies

  135 mins
• Top ten fraud questions

  161 mins
• Auditor unable to continue

  185 mins