According to the ACFE’s 2014 Report to the Nations on Occupational Fraud and Abuse, organizations worldwide lose an estimated five percent of their annual revenue to fraud. For nonprofits struggling for every dollar of income to support their missions, the potential for loss to fraud seems unbearable, perhaps even unthinkable. Yet even those with noble intentions are not immune from this global pandemic.
An effective internal control system within your organization is the number one defense against credit card fraud by employees. Here’s our list of the top ten things you can do to protect your precious financial resources: