Related content Associations should maintain written polices and safeguards against fraud New question, new answers Tips from law firm Venable on how nonprofits can prevent fraud and embezzlement include: Double signatures, authorizations and back documentation—Expenditures exceeding a certain amount should require two signatures. In a small group, one of those signatures can be of a board member. The person using the nonprofit's credit card should not be the same person authorizing its use. Segregation of duties—Different employees should be responsible for authorizing payments, disbursing funds, reconciling bank statements and reviewing credit card statements.… Read More