October 12, 2006 | Read Time: 1 minute
NEW BOOKS
Preventing Fraud in Nonprofit Organizations, by Edward J. McMillan, suggests how charities can safeguard themselves against embezzlement. Mr. McMillan, an accountant and fraud examiner, identifies some of the most common schemes of embezzlers, including stealing checks through phony companies, setting up nonexistent “ghost” vendors or employees, and diverting postage funds. The author describes how charities may be susceptible, and how organizations can minimize the damage if fraud occurs. The book contains worksheets to help nonprofit groups conduct an internal audit, and concludes with a glossary of legal and accounting terms.
Publisher: John Wiley & Sons, 111 River Street, Hoboken, N.J. 07030; (201) 748-6000; fax (201) 748-6088; http://www.wiley.com; 220 pages; $45; ISBN 0-471-73343-1.
