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Good article in the Sun Journal of Lewiston, Maine about the perils of embezzlement for local non-profits. 

When financial theft hits home at a local level for a charitable organization, it is a painful betrayal of trust. But there are a few simple things that can help avoid that problem, which include:

• Require two signatures for all checks
• Make sure your organization’s Treasurer is bonded
• Have an annual audit, either formally, or at least provide some informal, but regular oversight.

A worthwhile read for anyone interested in prudent steps to avoid embezzlement in their organization.

Update: More info on how to prevent embezzlement in your organization.

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