Protect your Charity from Fraud
Maggie Coggan writes in ProBono News that many charities are not well equipped to handle fraud within the organisation. Incidents of corruption and fraud in charities are among some of the most common compliance-breaches reported to the Australian Charities and Not-for-profits Commission (ACNC).
Fraud such as corruption, conflicts of interest and bribery, commonly affect charities.
Awareness is key. Making sure everyone in the organisation knows what fraud looks like, and how they can report it, is a massive part of stopping it spreading in an organisation.
For smaller or even medium sized charities, one-person-run departments are common place. But having at least one other person who knows how to do the job is important – especially when it comes to the person in charge of finances. iI’s really important to actually have someone else who knows what’s going on so they can check up on them.
The ACNC has a Governance Toolkit available for free on its website with resources to help charities manage risks including financial abuse, cybersecurity and working with partners.
Check it out here.
You can read the original article HERE
