Embezzlement In Nonprofit Organizations
228 Words1 Page
I was very interested in your article critique because I have been in my church accounting department for about four years. As rightly stated by Katelyn I think the article failed to point how Accounting information system is linked to embezzlement of funds in nonprofit organization. One major problem that can be linked to embezzlement in the nonprofit sector is segregations of duties. According to Gelinas et al., “segregation of duties consists of separating the four basic functions of event processing: authorization events, executing events, recording events and safeguarding resulting from consummating events” (2015, p 265).
Because of lack of personnel, most small nonprofit organizational have employees performing all these duties which