| Location | California |
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Read for yourself at www.northcoastjournal.com/10040...4.html
Opportunity generally arises through an organization's non-existent or ineffective internal controls. The more checks and balances an organization has the fewer the opportunities for the fraudster to take advantage. The main objectives of internal control in any organization include safeguarding assets, promoting efficiency in operations, enhancing the reliability and completeness of financial reporting and minimizing the risk of misuse or abuse of the organization's resources. Obviously, the risk of fraud and other dishonest or unethical behaviour exists in all organizations, however, many nonprofits have certain characteristics which may increase the risk of fraud.
Opportunity generally arises through an organization's non-existent or ineffective internal controls. The more checks and balances an organization has the fewer the opportunities for the fraudster to take advantage. The main objectives of internal control in any organization include safeguarding assets, promoting efficiency in operations, enhancing the reliability and completeness of financial reporting and minimizing the risk of misuse or abuse of the organization's resources. Obviously, the risk of fraud and other dishonest or unethical behaviour exists in all organizations, however, many nonprofits have certain characteristics which may increase the risk of fraud.
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