Directors must read and understand financials.
By Ed Mendlowitz
77 Ways to Wow!
Hardly a week goes by that I do not read about a theft, fraud, misappropriation, defalcation or egregious wasteful spending at some charitable organization. Some are perpetuated over many years – perhaps as many as seven years.
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Lack of controls, oversight, disinterest or lackadaisical care creates an atmosphere where an already weak person can spot an opportunity, or perhaps an uncaught or unguarded careless mistake gives birth to a pattern of ongoing criminal action by someone who never had an unlawful thought.
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