Don’t let disaster fraud victimize your nonprofit

October 12, 2022

It’s been a busy year for natural disasters, with Hurricane Ian only the latest calamity to befall the United States and its territories. If your not-for-profit operates in or serves clients in a disaster zone, you know how difficult the recovery process can be. Unfortunately, fraud perpetrators attempting to profit off the misery of others […]

How Auditors use Benford’s Law to Detect Fraud, Data Manipulation, Processing Inefficiencies, and Other Errors

October 3, 2022

An interesting tool called Benford’s Law can be effective in detecting fraud. But it also can be used during external auditing procedures to test journal entries for unusual numeric patterns. Here’s what you should know about this statistical technique, including its potential limitations. Random data sets According to Benford’s Law, in sets of random data, […]

How your nonprofit can break bad budget habits

September 20, 2022

Autumn is here and many not-for-profits are starting to think about their 2023 budgets. If your budget process is on autopilot, you might want to pause and think about changing things up this year—particularly if you’ve experienced recent shortfalls or found your budget to be less resilient than is ideal. Here’s how to rethink budgeting. A holistic […]

Employee Spotlight with Karin Frantz

September 20, 2022

When did you join Waters|Ortiz? July 2021 Why did you choose Waters|Ortiz? Roxanne and Amanda are intelligent, warm, friendly, and strong women! They know how to put together a great team and create a positive work environment, and I cherish the thought of helping nonprofits. What do you love most about your job/profession? Helping people […]

How to share your nonprofit’s values and limit fraud losses

September 16, 2022

Every two years, the Association of Certified Fraud Examiners releases its Report to the Nations, an occupational fraud study of for-profit, not-for-profit, and government organizations. As in previous editions, the 2022 study reports that most organizations require employees to read and sign a code of ethics or conduct. This relatively simple control can result in […]

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