Nonprofit Loses One Million Dollars Over Six Years

Yes, you read it correctly: one million dollars.  The worse part: the CFO took the money.  The problem as stated by an expert on the matter: no accountability or transparency. 

The "incident" I am referring to is chronicled in the Philadelphia Inquirer in a story about the Archdiocese which was contacted by American Express over suspicious use of the company credit card.  And still, six years in time to identify?

No accountability or transparency: you think?

Comments

[Tom Paine]

Here's a link to a story about a woman in accounts payable who stole 1 million from a New York church over seven years, mainly to support her doll habit...

http://www.nytimes.com/2012/01/31/nyregion/new-york-archdiocese-bookkeeper-charged-with-stealing-1-million.html?_r=1&hp