Internal Controls and Fraud Schemes in Not-For-Profit Organisations: A Guide for Good Practice
Year: 2014
Type: article
Abstract: Fraud has become a cause of concern despite the nature and type of business being carried by an organisation. Not-for-profit entities cannot be neglected when considering good governance since the trustees are entrusted with public funds. The fraud schemes which occur in commercial and other trading organisations are also common in not-for-profit organisations. This presentation covers the general internal controls such as control environment, risk assessment, control activities, information and communication and monitoring. Mostly fraud perpetrators take advantage of slack internal controls which exist in an organisation. Keywords: internal controls, fraud schemes, fraud perpetrators, not-for-profit entities.
Author: Shewangu Dzomira
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1501323765