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Channel: fraud – Nonprofit update.
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1 fact and 2 stories explaining why you should set up a fraud hotline in your charity

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What would you think is the most likely way that a fraud is detected? Internal audit? No. External audit? No. One fact Forty-two percent of frauds are discovered by a tip. Internal audits are the means to catch 14% of frauds. External audits catch a mere 3% of frauds. Frauds are ten times more likely […]

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