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Jon Osterburg, Jitasa

Recent Posts by Jon Osterburg, Jitasa:

Why Internal Controls Should Matter to Your Nonprofit

Almost every month news articles are published about an employee at a nonprofit that was caught in fraudulent behavior.  Unfortunately, the “do good” missions of nonprofits and their staffs do not necessarily make them less susceptible to incidences of internal fraud. According to the 2012 Report to the Nations on Occupational Fraud and Abuse by the Association of Certified Fraud Examiners, the median loss related to fraud for a nonprofit is $100,000 per occurrence. When it happens, it not only depletes the organization of precious financial resources but also damages the nonprofit’s reputation among its donor community.