Fraud Fundamentals: How Your Association Can Prevent and Detect It

Fraud Fundamentals: How Your Association Can Prevent and Detect It

By: Lawrence J. Hoffman and Leslie C. Kirsch

With nonprofits making news in recent months for falling victim to fraud and embezzlement, it's important for associations to understand how and why fraud occurs and the key steps for preventing and monitoring for it.

The dictionary defines fraud as "intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right." Let's break that down a bit. ...