Here is a sample fraud policy from the UK Charity Finance Directors’ Group. While Canadian non-profits and charities do not need to have a fraud avoidance policy this example may be of use to some and certainly being aware of the content is advisable. It is estimated that fraud costs Canadian non-profits at least 5% of revenue.
Do you require legal advice with respect to Canadian or Ontario non-profits or charities?
Mark Blumberg is a partner at the law firm of Blumberg Segal LLP in Toronto and works almost exclusively in the areas of non-profit and charity law.