Welcome to Nonprofit Accounting Basics — a resource designed to help you produce accurate records and reports, encourage and measure accountability, and successfully manage and sustain your nonprofit organization. More About Us

Featured Articles

Shawn H. Miller, CPA, CFE
Apr 12, 2016

As you are most certainly aware, fraud and more importantly fraud prevention, has become a major concern of anyone charged with financial oversight. A key element of any organizations internal control environment is the development and implementation of controls and processes to assess the risk from fraud. In order to properly develop these controls it is important to have a solid understanding of what fraud is and how fraudsters think.

What is Fraud?

Christina K. Bell, CPA
Apr 6, 2016

A study performed by Jeffrey J. Burks and reported in “Accounting Errors in Nonprofit Organizations” Accounting Horizons 2015, analyzed 5,511 audited financial statements from 2006 to 2010, obtained from Guidestar.org, the world’s largest source of information on nonprofit organizations, and discovered an error rate 60% higher than that of publicly traded companies.

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