Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:That org handles that much money? And no one noticed??
This happens all the time with nonprofits. It’s so disgusting.
Uh, it does?
Not any with any financial controls in place.
Ha. You think financial controls by themselves will stop embezzlement or other breaches of fiduciary duty? No, all companies are at risk. Of course if they don’t have tight financial controls they are more susceptible, but somebody will almost always figure out a way around things. This is true in all sectors but nonprofits do make up a disproportionate percentage of fraud cases.
And maybe “common” is an overstatement , but it’s definitely not uncommon.