The U.S. Labor Department announced overtime final regulations today that, when they go into effect on December 1, 2016, will mean that most employees earning less than $47,500 per year will be entitled to overtime compensation, regardless of whether they are currently classified as executive, administrative, or professional (white-collar) workers.
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
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?