Theft from inside your organization can take a serious toll. In fact, the median annual loss of nonprofits victimized by occupational fraud is $76,000, according to one report. This article provides information about employee theft and offers strategies to help fight financial losses such as implementing strong internal controls.

Nonprofits and their external auditor are like dance partners. Dancers must complete specific moves and coordinate timing. Likewise, your nonprofit and its audit firm have particular duties during the audit process and share the same goal: financial statements that fairly present your financial condition.

You might think that "accountability" is just another management buzzword. But when nonprofit leaders consistently own outcomes, they foster a proactive mindset that anticipates challenges and addresses them head-on. The result? Stronger performance, healthier governance and deeper trust among stakeholders.