Fiscal Oversight & Fraud Protection

Inspire Confidence in Your Mission by Managing Finance Risks

Click here to learn more about Financial Risk Management: A Guide for Nonprofit Executives

Is financial health a priority at your nonprofit? If so, then a little more than weekly housekeeping may be in order. Financial risks can result from insufficient internal controls or practices that invite fraud, or from fundraising activities that go awry. Not all financial risk is avoidable of course, (think stock market volatility) but being prepared — and having appropriate policies in place to minimize and transfer risk is key to a healthy organization.

The Center team can help you develop or refine existing financial policies and procedures and protect your mission against unnecessary financial risks.

Engage the Nonprofit Risk Management Center as your consulting partner to:

  • evaluate financial reporting
  • develop or update fraud prevention strategies
  • refine or clarify the roles and responsibilities of your Finance and Audit Committees
  • expand the scope of your Finance or Audit Committee to include risk oversight
  • develop a fiscal or risk dashboard
  • identify and evaluate the suitability of best practices in financial or risk reporting

To discuss your organization’s needs, please contact us at (703) 777-3504 or info@nonprofitrisk.org.

Risk Assessments and Insurance Coverage Reviews

The Center team offers Risk Assessments with an emphasis on financial management and other top concerns of your Board of Directors. We also offer Insurance Coverage Reviews in conjunction with Risk Assessments, to help our nonprofit clients feel confident that they are purchasing adequate coverage at a fair price.

Conference or Workshop Presentations

Examples of the Center’s workshop topics on financial risks include:

  • “Financial Risk Management: Beyond Internal Controls”
  • “Risk Forecasting”
  • “Dynamic Risk Reporting Tips and Strategies”
  • “Top 10 Finance Risks Facing Nonprofits”
  • “Getting Ready for the Auditor”
  • “Increasing the Financial Literacy of Your Board: When Board Training Is Not An Option”
  • “Audit Committees: Why Should Your Nonprofit Have One, and What Do They Do, Anyway?”
  • “Government Contracts: Risks When Uncle Sam is Footing the Bill”
  • “Conflicts of Interest: Policies and Practices that Help Boards Recognize and Manage Financial Conflicts”

Articles