Articles by

Olsen Thielen

A nonprofit advisory board has many advantages.  An advisory board is an informal group of volunteers whose purpose is to give advice and support to the governing board.  It does not have any formal legal responsibilities or decision-making authority, but it can bring complementary — and valuable — skills and
Despite the real threat and high cost of fraud, too many businesses fail to build fraud risk management programs that work.  If you have put off taking this important step toward protecting your company, now is the time to act.
Not-for-profit organizations are like many other businesses. Over time, they move through stages of development called the organization life cycle. Their early stage precedes a growth period that runs several years, followed by maturity. At this stage, the nonprofit has built its core programs and achieved a reputation in the
Telecommuting is a work arrangement in which an employee works outside of the standard office. The employee often works from home, either full-time, on certain days of the week or as the need arises.  Telecommuting has become increasingly popular as employers seek new ways to provide a greater work/life balance
An employee assistance program (EAP) is an employer sponsored program designed to assist employees in resolving personal problems, such as substance dependence, financial or legal woes, or mental health issues.
Even though nonprofits don’t face the same government regulations as for-profit companies, fiscal oversight is the board's responsibility.  Donors and other watchdog groups pay close attention, and the media is quick to pounce on rumors of fraud in the nonprofit sector.
Uncovering fraud doesn’t always require in-depth data analysis or forensic accounting techniques. Qualified experts also find basic managerial accounting practices are handy tools when identifying potential fraud,
A ghost employee is someone who appears on your payroll system, but who does not work for your company. The ghost employee can be a real person who is knowingly added to the payroll records, or a fictitious person invented by a dishonest employee.
The reasons why employees steal can be hard to predict.  In many cases, employees who commit fraud are the most likable people in the office — personable, helpful and good at their jobs. It’s not easy for companies to spot dishonest employees. So in addition to shoring up your internal
Up-to-date, accurate job descriptions form the foundation of every organization’s staffing efforts. Without clear, focused documentation of what each position does, you may struggle to hire and retain good employees
If your not-for-profit’s program lineup has remained unchanged for a couple of years, some of them might be due for replacement.  Consider using the tradition of spring cleaning to review and update your offerings.
Many nonprofits struggle with technology because of smaller staffs and limited IT expertise. For them, "embracing the cloud" is a solution that’s easy to adopt, and could result in better control over technology costs and greater efficiency and productivity.
Are you doing everything you can to educate your financial supporters and their employers about matching gifts? Corporate gift-matching enables donors to make larger contributions than they can manage on their own. Knowing their gift will be matched, they might even bump up the amount. Therefore, do everything you can
the organization — even when he or she isn’t on the job. However, whether you should take an adverse employment action (such as suspension or termination) against an employee for an outside-of-work incident is a delicate matter.
The key role of a not-for-profit’s internal auditors was once limited largely to testing financial and compliance controls and reporting their findings to the organization’s leadership. But today, with their cross-departmental perspective, internal audit staff (whether employees or outside consultants) can help anticipate and mitigate a variety of risks, improve
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