Forensics Journal - Stevenson University 2014 | Page 67

STEVENSON UNIVERSITY

these same employees, as well as volunteers, who have access to cash
and similar assets (Greenlee et al. 691). New employees and volunteers should also receive orientation and training encouraging awareness and accountability.

resources. As an internal supervisory body, an audit committee “can
be an effective vehicle for preventing fraud, embezzlement, and mismanagement of assets” (Gallagher and Radcliffe 322). These prevention efforts should include conducting a periodic review of internal
controls, facilitating means for confidential reporting of fraud and
abuse, and educating employees about the full impact of fraud to the
non-profit organization (Greenlee et al. 691). The audit committee
should also oversee the internal audit function, if applicable, as well as
the completion of any independent