Part 4 of our series on Cash Disbursements. In our recent Fraud Survey, we asked churches to respond to this statement: “Our church has established a “Positive Pay” program with our bank.” Survey Results – Less than 5% of the respondents use such a program. While the phrase “Positive Pay” is the trade name of one commercial bank, […]
Part 3 of our series on Cash Disbursements. In our recent Fraud Survey, we asked churches to respond to this statement: “Our church has established an “approved vendor” list. All payments for goods or services are made only to vendors on the list.” Survey Results – Only 20% of the churches surveyed reported using an approved vendor list. […]
Part 2 of our series on Cash Disbursements. In our recent Fraud Survey, we asked churches to respond to this statement: “Our church uses pre-printed, pre-numbered purchase orders or check request forms to initiate purchases.” Survey results – The positive response to this question was extremely low, causing me to believe that the question was poorly worded. It […]
Our Fraud Awareness in the Church series continues with a 5-part series on Cash Disbursements. When churches finally get around to considering their exposure to fraud, they almost universally focus on the cash receipts or the inflow part of their cash processes. Without doubt, many churches have been hit by fraudsters skimming from the offering plates. But in […]