Internal controls are implemented to protect an organization from unauthorized expenditures and fraud/embezzlement. Small to mid-size organizations are vulnerable due to the limited number of staff in the business office or accounting department. The way to combat unauthorized expenditures and/or being ripped-off is through proper internal controls which include communication, process & procedure, and periodic verification and review. Through the review of short case studies this webinar will cover internal controls to implement considering the organization size, where and how fraud can occur, signs to look for, ways to stay vigilant, and what to do if your organization is a victim.
- Understanding the circumstances that can allow unauthorized expenditures or fraud to occur and how to spot the signs.
- Understanding the various types of fraud, embezzlement & unauthorized expenditures.
- Knowing the policies & procedure to implement to protect the organization.
Susan C Hammond is a recognized expert on advisory boards and has been active as an advisory board member and facilitator since the early 1990’s. She consults with CEOs on the formation of advisory boards and enhancing governance. In 2010 she published the Advisory Board Kit: A Comprehensive Guide to Establishing an Advisory Board. Susan has served as a contract CFO/COO and strategic advisor to nonprofit organizations, technology companies, and professional service firms. She is a frequent speaker on creating advisory boards, interpreting financial information, and improving board member performance.
Susan is a co-founder of the South Shore Women’s Business Network and the Center for Women & Enterprise organizations supporting women in starting and growing their businesses.
Susan holds a CPA certificate from the State of Massachusetts and received a Bachelor of Science in Business Administration with a concentration in Accounting from Northeastern University and a Master of Science in Taxation from Bentley University. She also completed coaches training through the Arbinger Institute’s Choice in Coaching Mastery Program and the Coaches Training Institute. For more information visit: www.schammond.com.
Providing Your Business or Nonprofit with a Tool for Growth
scHammond Advisors are experts in advisory boards. We guide business and nonprofits through the process of establishing an advisory board and gaining full access to the many benefits that come from receiving advice and support from knowledgeable people who are invested in your success.
If you have a board of directors or trustees, we can also help you address board governance issues through board education, coaching for board chairs, and advising on executive director/board relationships. We also provide benchmarks for how effective boards look and act and teach you how to structure board roles and activity for maximum impact.