Critical Financial Internal Controls for Small to Mid-size Charities and NFPOs
Thursday, June 13, 2019
7:00am – 9:00am
Vancouver Public Library, 350 West Georgia Street, Vancouver, BC, V6B 6B1
7:00 - 7:30 am - Registration, breakfast and networking
7:30 - 8:45am - Welcome and Presentation
8:45 - 9:00am - Q & A
Are your Assets and Reputations Protected?
Employee theft, fraud and embezzlement is surprisingly prevalent in the non-profit and charity sector. This session will outline the types of financial internal controls required to protect the assets and reputations of your organization and its directors.
According to a recent CGA Canada Survey, 26% of small to mid-size organizations across Canada experienced a significant instance of employee theft, fraud or embezzlement – in the last 12 months! According to studies in the USA, approximately 5-7% of charity and non-profit revenue is lost to employee theft, fraud or embezzlement each year. The average theft is over $100,000 and takes 18 months to uncover.
Fortunately, employee theft, fraud and embezzlement is almost entirely preventable – with the right internal controls. Come to this session to learn:
- How employee theft, fraud and embezzlement typically happen
- Why many non-profit organizations and charities are good targets
- The most common methods of employee theft, fraud and embezzlement
- Basic internal controls that most non-profit organizations and charities should have in place to protect themselves
Our expert speaker:
Gordon Holley is the President and CEO of Humanity Financial Management Inc. As a CPA, CA for almost 25 years now, Gordon loves helping individuals and organizations that are trying to make the world a better place. In his role at Humanity Financial, Gordon sees the stress and anxiety produced by finances and financial reporting for many not-for-profit-organizations (NFPOs), charity board members, and senior staff. He excels at providing financial oversight to small to mid-size NFPOs and charities to help them better manage their internal finances and financial budgeting and reporting. Ultimately, his company hopes to instill confidence and credibility in organizations by streamlining their internal financial management so that they can focus their energies on their programs.
Gordon has chosen to work in the NFP sector because he believes that it has not only the biggest opportunities for improvement, but includes the added bonus of being filled with the people he enjoys working with the most. He says, “Life is too short not to feel like you are making a meaningful contribution and working with people that you really enjoy.” He is happy to leverage his company’s financial expertise to make a meaningful contribution to people and organizations that are trying to make the world a better place and finds inspiration from the individuals who work tirelessly for their causes. “Many people think that working with numbers is dry and boring,” he says, “but I ultimately work with people – and I love it when I can make their lives easier and less stressful. Working with numbers allows me to do that and I love it.”
Gordon has accumulated significant board experience over the last 25 years and currently serves on the following boards: • West Vancouver Community Foundation – Vice-chair • Vantage Point Strategies Society – Director • Non-profit CPAs - Director He also facilities financial governance workshops for charities and not-for-profit organizations through Vantage Point and leads the Certified Non-profit Accounting Professional program in Canada.
This education session is worth 2 points
towards CFRE accreditation or re-certification
Member - $35.00 + GST = $36.75
Non-Member - $60.00 + GST = $63.00
Please note Refund / Cancellation Policy:
- All cancellations 3 weeks prior or greater = $10 or 10% processing fee (whichever is greater)
- All cancellations between 2 weeks prior to 48 hours prior = $10 or 50% processing fee (whichever is greater)
- All cancellations within 48 hours prior = zero refund