Fraud Risk from Weak Reconciliations
Definition
Boards must prevent fraud/insolvency; manual reconciliations fail to catch variances in fundraising income or expenses.
Key Findings
- Financial Impact: AUD 5,000-50,000 average NFP fraud loss per incident; 2-5% of revenue at risk without reconciliations
- Frequency: Ongoing, detected quarterly/annually
- Root Cause: Lack of delegated authority and reconciliation matching bank/payroll/BAS
Why This Matters
The Pitch: Fundraising boards in Australia lose AUD 10,000+ yearly to undetected fraud via poor reconciliations. Automated controls provide fraud detection layers.
Affected Stakeholders
Board Members, Finance Officers, Development Staff
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Reconciliation Errors in Board Reporting
ACNC Financial Reporting Non-Compliance
Delayed Pledge Collections from Tracking Delays
Lost Donations from Inaccurate Goal Tracking
Poor Campaign Decisions from Inadequate Forecasting
Donor Churn from Poor Segmentation
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