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Tom Ciolkosz
Feb 24, 2015
This article is an update of a previous post regarding banking fraud issues and covers both the most common nonprofit banking fraud risks as well as possible solutions.
Christian Spencer
Feb 5, 2015

Ensuring that the appropriate individuals are reviewing key contracts is essential to identifying, quantifying, and, if necessary, reporting financial liabilities in a timely manner. Depending on the nature of the contract, key individuals may include your in-house or external legal counsel, tax advisor, the Chief Financial Officer or Controller, and the Chief Executive Officer. For example, an Organization’s meetings department may unknowingly enter into a contract that triggers unrelated business income by offering promotional advertising space as a component of the agreement.

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