Fraud is everywhere: how to be aware and well protected

In Baker Tilly’s session at the 2021 Resource Center for Religious Institutes (RCRI) National Conference, our not-for-profit specialists along with Tim Schroeder, business manager at St. Lawrence Seminary, share trending fraud examples and present quick solutions to optimize protection for organizations of all sizes. We walk through before-and-after examples of enhanced accounting systems that have helped prevent against current fraud types without additional expense or employees. The presentation concludes by discussing leading practices to raise and discuss the risk of fraud with boards and other stakeholders.