Risk: A threat to an organization that reduces the likelihood that the organization will achieve one or more of its objectives. Threats from the environment may prevent an organization from achieving its objectives and can affect many levels of an organization. Management can make bad decisions or employees can squander or steal organizational assets (e.g.,…
Author: Steven Salterio
The Lessons Learned From The Voluntary Sector Reporting Awards For Excellence In Financial Reporting Transparency Information about the Voluntary Sector Awards Program and entry information can be found at http://business.queensu.ca/centres/CA-QCG/ voluntary_sector_reporting/ index.php . A professor at one of Canada’s leading universities wanted to use a set of financial statements from a not-for-profit organization in class as…
Fraud In Canadian Nonprofit Organizations As Seen Through The Eyes Of Canadian Newspapers, 1998-2008
Abstract: Canada has one of the largest and most vibrant nonprofit and voluntary sectors in the world. It accounts for 6.8 percent of the nation’s gross domestic product (GDP) and employs 12 percent of Canada’s economically active population. With the significant role nonprofit organizations play in Canadian life and the increasing demand for accountability in…