- According to LifeWay Research, roughly one in ten churches have had funds stolen.
- In conversation with a local CPA, he reports that “I have had more investigations/inquiries this year (2018) already than I have had in the past three years.”
- According to the 2018 Association of Certified Fraud Examiners Report to the Nations: Global Study on Occupational Fraud and Abuse: The median loss due to fraud for "religious, charitable or social services" organizations was $90,000.’
Whether you are just starting the conversation or have worked diligently to mitigate risk this seminar will be helpful to evaluate next actions and ongoing prevention.
Frank Sommerville, JD, MPA, CPA is a shareholder in the law firm of Weycer, Kaplan, Pulaski & Zuber, PC, in Houston and Dallas, Texas. He holds a license as a Certified Public Accountant and is also board certified in tax law by the Texas Board of Legal Specialization. He has served nonprofit institutions of all sizes as a bookkeeper, accountant, auditor, tax advisor and advocate, litigator, and legal advisor. He regularly assists churches in preventing litigation.