Nonprofit Ace Podcast
Get in the Know

Get in the Know

July 20, 2021

Welcome back to another episode of Non-Profit Ace! Today, we are discussing what you NEED to know rather than what you want to know. Thinking in context financially can help answer questions you may have about cash on hand, future budgeting, and predictions for growth. Understanding context in a financial sense is important, and we’ve got several tips to make sure you are thinking proactively! Tune in!

Closer Look

  • Context around your cash
  • Budget vs actuals
  • Planning head 

Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud

Connect with Chyla and CNRG Accounting Advisory:

 

Learning to Read Financial Statements

Learning to Read Financial Statements

July 13, 2021

Hey guys and welcome to another season of NonProfit Ace! Today, we are looking at the importance of understanding your organization's financial statement. Being able to read and comprehend this is important to keep your finances in order. It also allows your Board of Directors and staff to be on the same page. Check out this episode for some valuable tips and information!

 

Closer Look

  • Why knowing the amount of cash on hand is important
  • Understanding statements of activity
  • Reading financial statements properly

Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud

Connect with Chyla and CNRG Accounting Advisory:

 

Opportunity and Pressure Risks for Fraud

Opportunity and Pressure Risks for Fraud

June 15, 2021

Hey guys! This season, we are focused on taking preventative measures to avoid fraud and other financially improper conduct related to nonprofits.

On this week of Non Profit Ace, we are examining a case out of California regarding fraud and a bookkeeper. We look at the opportunity for fraud concerning her role and the access she had to financial records, as well as the internal/external pressures she faced, both in her career and personal life that drove her to commit this act. Tune in for an analysis of how you can prevent certain opportunities for fraud in your organization, as well as reducing pressures as an employer which drives staff to feel the need to carry out illegal acts.

Closer Look

  • Janice Carlstrom crime explained
  • Spotting gaps in checks and balances with duties
  • Using bank reconciliation to prevent fraud
  • Understanding potential staff pressure

Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud

Connect with Chyla and CNRG Accounting Advisory:

Read more about Janice Carlstrom here

Check out the Scam Goddess Podcast episode on Janice Carlstrom: https://podcasts.apple.com/us/podcast/the-blazin-embezzler-with-brendan-scannell/id1479455008?i=1000513172168  

Protecting Organizational Programming From Fraud

Protecting Organizational Programming From Fraud

June 8, 2021

Hey guys! This season, we are focused on taking preventative measures to avoid fraud and other financially improper conduct related to nonprofits. 

This week on Nonprofit Ace, we are looking at the logistics of running your organization’s various programming to make sure all parties involved are protected against potential fraud and financial misappropriation. The board of directors, financial staff, donors, volunteers, and paid staff all play a role in making sure everything is running smoothly and protecting the organization’s financial interests at all times.

Closer Look

  • Creating new programs and making sure they are protected from fraud
  • Organizing logistical elements of roles with programming
  • Knowing when and how to shut down programs to reduce fraud risk

Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud

Connect with Chyla and CNRG Accounting Advisory:

Staffing Safeguards for Risk Prevention

Staffing Safeguards for Risk Prevention

June 1, 2021

Hey guys! This season, we are focused on taking preventative measures to avoid fraud and other financially improper conduct related to nonprofits. 

This week on NonProfit Ace, we are looking at the questions you should ask yourself, your co-workers, your superiors, and the board about staffing. You should be prepared to manage staffing issues such as distributing information, personal screening, and financial access by staff. Being knowledgeable and prepared to ask the questions Chyla discusses is a necessary move in order to reduce the risk of fraud throughout your organization and help structure management accordingly. Tune in!

Closer Look

  • Informing employees about disciplinary changes 
  • Screening potential and current personnel
  • Turnover frequency
  • Auditing current training practices

Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud

Connect with Chyla and CNRG Accounting Advisory:

Holding Management Accountable to Prevent Fraud

Holding Management Accountable to Prevent Fraud

May 25, 2021

Hey guys! This season, we are focused on taking preventative measures to avoid fraud and other financially improper conduct related to nonprofits. 

Too often, we are placing too much trust in management when it comes to financial accountability and decision making. On this episode of NonProfit Ace, Chyla talks about the importance of questioning management in order to create safeguards against fraud from the management level down. Having these in place will help create a culture of accountability and transparency throughout the organization.

Closer Look

  • Organizational structure; Are there one or two people in control?
  • Accessibility of financial reports
  • Timeliness in reporting

Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud

 

Connect with Chyla and CNRG Accounting Advisory:

Organizations in Action

Organizations in Action

May 18, 2021

This season, we are focused on taking preventative measures to avoid fraud and other financially improper conduct related to nonprofits. 

 

Today, we are focusing on organizations in action. Are you an organization that does what they say they do? Are you applying internal controls, risk assessments, and best practices in action? How are you implementing them? Chyla discusses how to keep yourself from being “all talk, no action” and how to best put your money where your mouth is!

 

Highlights

  • Identifying who has access to cash in your organization
  • Safeguarding sensitive information
  • Cross-training staff for various roles

 

Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud

 

Connect with Chyla and CNRG Accounting Advisory:

A Peek Inside a Fraud Risk Assessment

A Peek Inside a Fraud Risk Assessment

May 11, 2021

In this episode, we are continuing our conversation on preventative measures to avoid fraud and other financially improper conduct related to nonprofits. Organizations commonly use fraud risk assessment to identify business risks and weaknesses with internal controls that may cause financial misappropriation and fraud. Today on NonProfit Ace, Chyla walks us through a fraud risk assessment, step by step, and what to include when developing one for your nonprofit. 

 

Highlights

  • Policies and Procedures Documentation
  • Teaching Employees Appropriate Practices
  • Board Member Accountability
  • Defining Internal Controls for Organization

 

Download your FREE Fraud Risk Assessment here: http://cnrgaccountingadvisory.com/fraud

 

Connect with Chyla and CNRG Accounting Advisory:

What is a Fraud Triangle?

What is a Fraud Triangle?

May 4, 2021

Hey guys! This season, we are focused on taking preventative measures to avoid fraud and other financially improper conduct related to nonprofits. In this episode, we are examining what makes up a “fraud triangle”. We look at several factors that can lead someone to commit fraud, such as lack of internal controls, pressures both inside and outside the organization, and rationalizing whether the act of fraud is wrong. This is an informative episode that can help you determine if there are opportunities for financial wrongdoing in our organization. Tune in!

 

Highlights

  • Opportunity for Fraud to Happen due to lack of internal controls
  • Internal and external pressure from the organization
  • People rationalizing potential wrongdoings

 

Connect with Chyla and CNRG Accounting Advisory:

Segregating Duties to Avoid Financial Risk

Segregating Duties to Avoid Financial Risk

April 27, 2021

Separating responsibilities amongst team members is an important step in preventing financially fraudulent situations and reduces the risk for the organization. Nonprofits need to have systems in place to prevent one person from becoming overwhelmed with their responsibilities and making mistakes. Creating this segregation can make quite the difference in preventing minor mistakes from becoming much larger ones.

 

Highlights

  • Creating checks and balances to ensure accountability
  • Logbooks and accounting systems for financial recording

 

Connect with Chyla and CNRG Accounting Advisory:

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