Fraud: Part 3
This article is the last in a series of articles about fraud in the church. In previous articles, we observed that tips, management oversight, and internal audit efforts are the most common methods of fraud detection; however, we also outlined some easily implemented anti-fraud maneuvers. By far, sound internal controls are the best component of an anti-fraud culture. Even though there is always a chance for collusion, there is no substitute for common-sense checks and balances. In this article, we will share a more advanced technique for fraud prevention, particularly, how to organize and execute a Fraud Risk Assessment (FRA), with The Fraud Triangle as a backdrop.