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Podcast: Charity Therapy
Episode: 116: We Don't Need to Be Cops | Financial Fraud in Nonprofits
Description: In this episode of Charity Therapy, we're diving deep into nonprofit finances to help you safeguard your organization from fraud. We'll walk you through essential internal controls like segregation of duties, setting up a budget, and making sure transactions get a second set of eyes. Trust me, even if your team feels like family, these steps are crucial to keep everything above board. We also share a real-life nail-biter involving a nonprofit treasurer who's up to no good—think missing funds and some shady behavior. We'll break down the best ways to handle this sticky si...