Protecting Your Church Against Fraud
We want to believe that church fraud does not exist.
Unfortunately, church fraud is very prevalent. Most churches do not think fraud will occur until it happens to them, so they do not work to prevent it.
LEARN MORE. WATCH NOW. Certified Fraud Examiner (CFE) and church accounting specialist, Jessica, provides insight into church fraud risks and shares tips to prevent church fraud.
In this video, Jessica addresses the following questions:
Why might someone steal from a church?
What are common types of fraud that occur within churches?
What can churches do to better protect themselves against fraud?
Fraud Prevention Tips
Create internal control policies.
Implement a segregation of duties.
Create oversight if you do not have enough people to segregate duties.
Use physical safeguards, such as passwords or lock and key.
Have financial reports annually reviewed by a CPA who understands fund accounting.
This webpage contains information about churches and fraud prevention. This information is general in nature and does not consider your organization’s specific circumstances. This information should not be treated as an alternative to fraud prevention advice from an appropriately qualified professional. If you have specific questions, please consult Summit Tax & Accounting, PLLC at (217) 877-6766 for advice tailored to your need.