Nonprofit fraud is the topic of this conversation with Tiffany Couch, CEO of Acuity Forensics. Sharing true stories of fraud found in her book, The Thief in Your Company, Tiffany breaks down what fraud looks like, who is likely to do it, and how to prevent it from happening to your organization.

Links:

Tiffany’s Book: The Thief in Your Company https://www.amazon.com/Thief-Your-Company-Organization-Financial-ebook/dp/B01NH5OH4K

Tiffany’s firm: www.acuityforensics.com

Stop Nonprofit Fraud: www.stopnonprofitfraud.com

Link for discount code for Stop Nonprofit Fraud: https://www.acuityacademy.com/dolph

 

*****Timestamped Highlights*****

(4:18) The emotional costs of fraud

(5:23) The top 3 most-trusted individuals in the organization 

(6:38) Great! You have an employee you like that well, BUT…

(9:09) Ego problem or fraud?

(9:52) Skimming schemes and the priest who stole from the church

(15:12) How limited resources factor into fraud

(16:06) Pardon my French…but review the damn bank statement!

(21:58) Locking down the range with company credit cards

(24:27) Even if you know the answer, ask the question

(25:22) Expense reimbursement requests: the long-hanging fruit of fraud

(27:10) Setting the threshold of “that’s not okay”

(28:10) The BIG problem with the “$20 and under” rule

(29:23) Basic and effective internal controls 

(35:31) A tiara and a title