How Financial Visibility Strengthens Nonprofit Decision-Making
Financial clarity, when tied directly to program activity, gives leadership teams a more reliable foundation for decision-making and long-term planning.
AAFCPAs has been selected to present an educational workshop: Rogue Waves Sink the Unwary Vessel: Think Like a Fraudster at the National Business Officers Association (NBOA) Conference in San Diego, CA, March 3-6. This is a must-attend conference for CFOs, heads of...
AAFCPAs has been selected to present an educational workshop: Rogue Waves Sink the Unwary Vessel: Think Like a Fraudster at the National Business Officers Association (NBOA) Conference in San Diego, CA, March 3-6. This is a must-attend conference for CFOs, heads of school and other business and operational leaders in nonprofit K-12 education, providing exceptional learning opportunities that touch on independent school leadership, finance, enrollment, risk management, facilities, governance, fundraising, technology, and more.
Auditors are charged with identifying weaknesses in internal controls that pose risks for fraud, including theft or misstatement of financial results. As a result, AAFCPAs makes recommendations to management to enhance controls to mitigate the opportunity for fraud. However, combating fraud schemes requires more than just an understanding of process and system vulnerabilities. To effectively battle against fraud, your school’s skipper and senior crew must learn how to think like a fraudster. And a fraudster is thinking “Where are the weaknesses that would enable me to succeed undetected?”
AAFCPAs Education Partner John Buckley, CPA, CGMA along with AAFCPAs’ client Cynthia Fanikos, Chief Financial Officer, St. John’s Preparatory School (Danvers, MA) will present a 75-minute, interactive workshop to explore high impact areas of focus, as well as the most frequently misunderstood internal control recommendations and how they mitigate risks.
Learn more about the 2019 NBOA Conference. >> Please spread the word so others may benefit from this helpful professional development and industry conference, and please contact John Buckley if you are headed to San Diego!
If you have any question about fraud or fraud prevention, please contact your AAFCPAs Partner, or John Buckley, CPA at 774.512.4039, jbuckley@aafcpa.com.
AAFCPAs is a proud member of NBOA, where the nation’s independent school leaders gather to promote best practices and standards of excellence across all business operations, including finance, admissions, human resources, information technology, and facilities.
Financial clarity, when tied directly to program activity, gives leadership teams a more reliable foundation for decision-making and long-term planning.
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