For NPOs

Fraud is a prevalent and rampant risk in any organization or entity.  However, when it comes to not-for-profit and charitable organizations, the risk of fraud and the likelihood of fraudulent acts occurring is substantially greater.  The residual effects often include significant financial and reputational damage. Understanding the specific vulnerabilities of the not-for-profit sector and charitable organizations, as well as recognizing the distinct target areas where they are most liable to fall victim to fraud, is crucial to reducing this risk.

Anti-fraud training arms participants with the skills they require in order to gain a deeper understanding of fraud, such as the indicators to be mindful of and the profiles of different fraudsters. These skills play a pivotal role in fully preparing them to identify fraudulent behaviour. Specifically, anti-fraud training covers:

• Specific areas where charities and not-for-profits are particularly vulnerable to falling victim to fraud;
• Typical fraud schemes commonly carried out in the not-for-profit industry with the ‘red flags’ that can be identified to mitigate this fraud risk;
• Interactive group discussions surrounding recent fraud allegations and convictions which continue to impact not-for-profits and charitable organizations today;
• Current trends in risk management for not-for-profits and charitable organizations; and
• Break-out sessions of various formats, involving exercises in which you will acquire the hands-on experience required in order to deal with multiple categories of fraud by using the skills that you have developed.

Anti-fraud training from nagel + associates can be delivered live, online or via video conferencing to accommodate multiple departments and/or office locations simultaneously. In order to prioritize the needs and wishes of each organization that participates, the content and focus (broad or specific) of the training sessions as it relates to fraud will be determined solely by them.

The nagel + associates team has worked extensively with clients in the public, private and not-for-profit sectors to develop customized training programs that take into account the unique character of your organization. It focuses on particular accounting cycles (e.g. purchasing or payroll) and also offers general courses that address an extensive range of fraud awareness and prevention topics.

To be most effective, we recommend ongoing training so that all employees reap the benefits, including your most recent hires. Keeping the tools that are acquired at our training sessions top-of-mind will ensure that your employees act expeditiously and expertly when forced to properly manage a perceived threat of fraud. Our experience has shown us that training is an easy and effective way to start the conversation about fraud and to keep complacency out of the equation!