International Fraud Awareness Week badge for 2020 from the ACFEAccording to a study conducted by the Association of Fraud Examiners (ACFE), fraud costs organizations about 5% of their annual revenues. For this year’s International Fraud Awareness Week, the Houston Chapter of the ACFE has lined up activities for friends, family and colleagues to join and participate in from November 15 – November 21 to raise awareness to fraud.

The Houston Chapter of ACFE has shared the daily International Fraud Awareness Week activities, which include:


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According to the Association of Certified Fraud Examiners, establishing and enforcing a code of ethical conduct is associated with 50% lower fraud losses.

a stack of white binders filled with paper; image used for blog post about not-for-profits having a code of ethical conduct

Codes of conduct aren’t just about fraud prevention, though. Holding staffers and board members to an ethical code helps your not-for-profit communicate its values to the public and reassures supporters.


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The Houston Business Journal recently published an article on their website by PKF Texas Director, Danielle Supkis Cheek, who shares insight on selecting the “second-best” controls for fraud prevention.

someone holding a magnifying glass to a laptop keyboard; image used for blog post about Danielle Supkis Cheek article about fraud prevention

Danielle references the 2020 ACFE Report to the Nations as a resource for information and data, which companies can use when finding the best fit for

cover of the 2020 Report to the Nations by ACFE; image used for blog post about not-for-profit takeaways in Report to the NationsEvery two years, the Association of Certified Fraud Examiners (ACFE) publishes what has become the definitive guide for preventing and detecting workplace fraud. The recently released Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse draws conclusions from more than 2,500 fraud incidents — including 191 in not-for-profit organizations.

In fact, this year’s report devotes a special section to fraud in not-for-profits. Although not-for-profit fraud isn’t necessarily worse than fraud in for-profit companies, it can be different in important ways.


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