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Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 349 / 352

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© D.L. Crumbley

Red Flags of Fraud for NPOs

Budget cutbacks.

High turnover.

Refusal to take legitimate perks (e.g., vacations).

Overemphasis on short-term fund-raising goals.

Poorly monitored remote event or promotional locations.

Bounced checks.

Things don’t add up.

Anonymous tips.

Lifestyle or behavior changes.

Inattention to details.

Not conducting background checks on anyone handling money.

Keeping problems a secret.

Failing to investigate and then prosecute to the fullest extent of the law.

K. Anne Midkiff, “Catching the Warning Signs of Fraud in NPOs,” Journal of Accountancy, January 2004, p. 28.

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