ONLINE SELF-STUDY

Fraud in Nonprofit Organizations

Fraud in Non-Profit Organizations
Course Level
Intermediate
Delivered via
Online
CPE
4 Credits

Description

Nonprofit organizations not only provide essential services to the public, they also form a sizable portion of the global economy. Whether a nonprofit’s mission involves supporting community and business development, health care services, religious activities, research and educational opportunities, or a host of other services, the work often requires substantial funding and a team of directors, employees and volunteers. While the mission-above-profit aspect of these organizations might lull one into thinking that fraud is less of a problem than it is in the for-profit sector, nonprofits face many unique fraud risks. 

To help reduce the risk of fraud-related losses at nonprofits, fraud examiners need to understand the most common types of schemes perpetrated at nonprofits. This course covers schemes committed against the nonprofit by employees or insiders, those committed by external parties, as well as fraud that can be attributed to the nonprofit itself. Additionally, you will learn to identify the most effective fraud detection and prevention methods based on an organization’s particular risks.

Key Takeaways: 

  •  The steps for investigating a nonprofit organization 
  • The most common types of nonprofit schemes 
  • How nonprofits are regulated differently than other organizations 
  • What actions can cause a nonprofit to be liable for fraud 

Prerequisites

Knowledge of basic fraud examination techniques

You Will Learn How To:

Ascertain what internal and public information is available for fraud examinations regarding nonprofits

Differentiate the ways nonprofits are regulated compared to other organizations

Identify fraud schemes commonly committed against nonprofits

Recall the steps necessary for due diligence during an investigation of a nonprofit

Recognize behavior by agents that could cause a nonprofit organization to be liable for fraud

Select the fraud prevention controls that are most effective in the context of nonprofits

Table of Contents

Part I Introduction to Fraud in Nonprofits
Lesson 1 The Harms and Perception of Fraud in Nonprofits
Lesson 2 Regulatory Frameworks of Nonprofits
Part II Common Fraud Schemes Against Nonprofits
Lesson 3 Embezzlement and Misappropriation Schemes
Lesson 4 Procurement and Billing Schemes
Lesson 5 Corruption Schemes
Lesson 6 Beneficiary Schemes
Part III Fraud Schemes Committed by Nonprofits
Lesson 7 Theft and Misuse of Assets
Lesson 8 Marketing and Fundraising Schemes
Lesson 9 Financial Statement and Accounting Schemes
Part IV Investigating Nonprofit Fraud
Lesson 10 Sources of Information
Lesson 11 Analyzing Financial and Internal Records
Lesson 12 Due Diligence Inquiries
Lesson 13 Governance
Lesson 14 Fraud Risk Assessment
Lesson 15 Effective Internal Controls for Nonprofits

CPE Information

CPE Credit: 4
NASBA Information: Specialized Knowledge
Advanced Preparation: None
Last Updated: Novemer 2020
Delivery Method: QAS Self-Study

Policies

CPE Credit

Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.

ACFE Online Self-Study Courses

Features:

  • 24/7 access to courses through your Internet browser
  • Save time and quickly earn CPE credits with instant access, grading and printable certificate
  • The flexibility to start or stop a course and pick-up right where you left off
  • No additional shipping fees

Learn More about accessing your online self-study course

Learn More about online self-study courses and their features

System Requirements:

  • Internet access: High-speed connection recommended
  • Speakers required for video sound

The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/

 

Ordering and Returns

Satisfaction Guarantee

If you are not 100% satisfied with any ACFE product, you may return it to us, provided it is in excellent condition, for a full refund of the item minus the cost of shipping. Toolkits and bundles may only be returned as a complete set.

Ordering & Returns Policy