Our previous article, Fraud Risks in Nonprofits, provided background about who commits frauds, how large they typically are, and how long it takes to detect them. It also provided a list of questions to narrow your focus on fraud prevention efforts. In Part II of this article, we’ll look at the […]
Risk & Data Considerations + Proactive CFO + Engaged Audit Committee = Enterprise Risk Management
Forward looking nonprofits are increasingly focusing on risk management and metrics in the strategic planning process led by a proactive CFO in collaboration with the audit committee. So what is enterprise risk management?
The Committee of Sponsoring Organizations of the Treadway Commission […]