Detecting and Deterring Not-for-Profit Organization Accounting Fraud

Authors

  • Wayne Balfour Liberty University
  • Gene Sullivan Liberty University
  • Stanley Self Purdue Global University
  • Rachel Byers Purdue Global University

DOI:

https://doi.org/10.33423/jaf.v21i4.4525

Keywords:

accounting, finance, fraud, accounting fraud, fraud in NFPs, accounting training, accounting education

Abstract

This study contributes to the body of literature about detecting and deterring accounting fraud in not-forprofit organizations. More specifically, the purpose of this qualitative case study was to explore opportunities for not-for-profit and religious not-for-profit organizations to detect and deter accounting fraud. The researchers incorporated data collected from not-for-profit organizations in New Jersey. One finding of this current study validates previous studies and the emphasis on the need for specific and ongoing accounting training. Additional findings confirm the need for enhanced accounting internal controls within not-for-profit organizations. The study results indicate RNPOs with larger budgets, and staff tend to have more reliable internal accounting controls. The authors identify additional implications. Organizations need to employ a CPA or a financial professional, raise fraud awareness, and develop continuous fraud training for key leaders. Finally, RNPOs need to create and articulate their fraud policies.

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Published

2021-08-31

How to Cite

Balfour, W., Sullivan, G., Self, S., & Byers, R. (2021). Detecting and Deterring Not-for-Profit Organization Accounting Fraud. Journal of Accounting and Finance, 21(4). https://doi.org/10.33423/jaf.v21i4.4525

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Section

Articles