Financial fraud is an expensive problem for churches. It amounts to $37 billion in worldwide church-related crime losses and $8 billion in losses due to mismanagement of funds.* It can be as simple as stealing money from the offering plate to as detailed as full-fledged embezzlement schemes. And to really compound the problem, 95 percent of fraud within churches goes undetected or unreported.*
Here’s the good news: Fraud is avoidable. With the right checks and balances in place, you can help stop fraud before it adds up and prevents you from pursuing your ministries.
To learn more about smart money management, join GuideOne Insurance and Church Executive on Thursday, May 18 at 10 a.m. CT for our free webinar, “Preventing Financial Fraud at Your Church.” You’ll hear from Vonna Laue, CPA and Nonprofit Consultant, and Eric Spacek, Risk Management & Loss Control Director at GuideOne, who will share strategies to help strengthen financial policies and procedures in churches. This webinar will help you:
- Recognize and respond to financial fraud
- Learn financial control best practices
- Understand why churches fall victim to fraud
To learn more and sign up for this informational webinar, view the registration page.
We hope you can join us. Even if you are unable to participate in the webinar, we encourage you to still sign up because we will send you a recording of the webinar shortly after it airs.
*Petrucelli, J. & Peters, J. (2016). Preventing Fraud and Mismanagement in Government: Systems and Structures. Wiley: Hoboken, NJ.