Part 6 of our series on Segregation of Duties. In our recent Fraud Survey, we asked churches to respond to this statement: “We present a list of authorized check signers to the leadership team/elders, etc. for review at least annually.” Survey results – Approximately 55% of respondents reported reviewing their bank accounts and related signature information at least […]
Part 5 of our series on Segregation of Duties. In our recent Fraud Survey, we asked churches to respond to these statements: “Our church has a formal policy describing the characteristics required for participation on the count team, including limiting related individuals and restricting the same individual from participating in more than one component of the process.” “Church […]
Part 4 of our series on Segregation of Duties. In our recent Fraud Survey, we asked churches to respond to these statements: “Our church does not allow an individual who serves on the count team, is involved in check preparation, or is involved in general ledger and financial statement presentation to participate in the bank reconciliation process.” “Someone […]
Part 3 of our series on Segregation of Duties. In our recent Fraud Survey, we asked churches to respond to these statements: “The individual who prepares the checks also mails the checks.” “The person responsible for general ledger and financial reporting also mails the checks.” Survey results – A little over 50% of the respondents answered […]
Part 2 of our series on Segregation of Duties. In our recent Fraud Survey, we asked churches to respond to this statement: “From the time of collection to the time of the bank deposit, funds are never, even for just a few minutes, in the custody of a single individual or kept in an unsecured location.” Survey results […]
Part 6 of our ongoing Fraud Awareness in the Church series will examine Credit Checks. PSK in cooperation with the National Association of Church Business Administration (NACBA) conducted a survey to determine the extent of fraud awareness in the church environment. We asked churches to respond to this statement: Our church conducts credit checks on financial employees and volunteers. While almost all churches […]
Part 4 of our ongoing Fraud Awareness in the Church series will address Volunteer Training. PSK in cooperation with the National Association of Church Business Administration (NACBA) conducted a survey to determine the extent of fraud awareness in the church environment. We asked churches to respond to this statement: Our church conducts formal volunteer orientation or training. Over 60% of the respondents […]
Part 12 of our ongoing Fraud in the Church series. PSK in cooperation with the National Association of Church Business Administration (NACBA) conducted a survey to determine the extent to which churches are attempting to address the problem of church fraud. We asked them to respond to this statement: Our church has implemented a written credit card policy to control credit […]
Part 11 of our ongoing Fraud in the Church series. PSK in cooperation with the National Association of Church Business Administration (NACBA) conducted a survey to determine the extent to which churches are attempting to address the problem of church fraud. We asked them to respond to this statement: Our church issues credit cards (in the church’s name) to employees and/or […]
Part 9 of our ongoing Fraud in the Church series. PSK in cooperation with the National Association of Church Business Administration (NACBA) conducted a survey to determine the extent to which churches are attempting to address the problem of church fraud. We asked them to respond to this statement: Our church has established an “approved vendor list”. All payments for goods […]