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Press Release

ANDERSON PROFESSOR LOOKS AT FRAUD IN NONPROFIT ORGANIZATIONS

October 23, 2009

Dr. Rich Brody
(Albuquerque, NM) Dr. Richard G. Brody, the Rutledge Professor of Accounting at the UNM Anderson School of Management will discuss "Preventing & Detecting Fraud in Nonprofit Organizations" on Wednesday, November 4 at the Center for Nonprofit Excellence at United Way of Central New Mexico.

Fraud occurs in nonprofits of all sizes but small organizations suffer the most loss. Good board governance and internal control policies are imperative to prevent or mitigate fraudulent activities. Is your Treasurer responsible for collecting and disbursing funds and does s/he provide the financial reports? Is your Director balking at establishing separation of financial duties? Fraud is almost always committed by a person of trust within an organization so policies and procedures must be in place to hold everyone accountable.

Dr. Brody will outline the conditions that lead to fraud, provide an understanding of why nonprofits are more susceptible to frauds, and provide strategies to help prevent and detect frauds in an organization.

The event will take place on November 4 from 11:30 a.m. - 1 p.m. at the Center for Nonprofit Excellence at United Way of Central New Mexico located at 2340 Alamo SE. The cost to attend is $15 and the public is welcome. For more information or to reserve a space call 505-247-3671.

Dr. Brody is a Certified Public Accountant, a Certified Fraud Examiner and a Forensic Certified Public Accountant. He also holds the Certified in Financial Forensics credential. His research addresses issues related to forensic accounting, auditing and corporate governance.

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The Anderson School of Management at the University of New Mexico is dedicated to excellence in professional management education. At the Anderson School, faculty, staff, and students are committed to shaping the intellect and character of the next generation of business leaders, advancing the knowledge and practice of management, promoting economic development, and building a vibrant intellectual community that serves the highest and best interests of all our stakeholders.

The School was founded in 1947 and now offers more than a dozen concentrations at the BBA and MBA levels and is accredited by the Association to Advance Collegiate Schools of Business in the top 20% of business schools in the nation. The School is funded by the State of New Mexico and further support is generated by The Anderson School of Management Foundation. For more information, the public can visit www.mgt.unm.edu, email info@mgt.unm.edu, or call (505) 277-6471.

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