The most widely accepted explanation of why some people commit fraud involves what is known as the Fraud Triangle. Multi-award-winning investigative journalist Dan McCrum overcame many roadblocks while investigating the Wirecard fraud scandal for the Financial Times. One of the creators of the venerable Fraud Triangle describes its history, rationale and uses for preventing, deterring, […]

It can follow your instructions with a reasonable degree of accuracy. As a result, I don’t have to make a rule such as, “Only approve expense reports below $10 automatically.” Instead, I can provide the AI with a list of historical expenses flagged as material or immaterial. It can also be prompted to provide a […]

With SAP or other similar ERP systems, companies can streamline and integrate their business processes to improve efficiency and decision-making. These systems provide a centralized database where different departments can access real-time information, enabling better visibility into the organization’s overall operations. Enterprise resource planning (ERP) systems have emerged as the core of successful information management […]

A well-structured budget serves as a financial roadmap, guiding the allocation of resources in alignment with the church’s mission and priorities. The budgeting process should begin with a thorough assessment of both expected income and anticipated expenses. This includes regular operating costs such as salaries, utilities, and program expenses, as well as irregular expenditures like […]