Jump directly to the Content

The High Cost of Fraud

New study offers insights on why it happens, how it’s detected, and characteristics of both victims and perpetrators.

The High Cost of Fraud
Image: James Loritz | Getty

Internal theft of church funds remains a pervasive and largely unaddressed problem in churches.

Whether due to embarrassment, fear of bad press, or desire to “forgive and forget,” it appears that most fraud in the community of faith goes unreported and unprosecuted. The result is a loss of millions of dollars that would otherwise help fuel church ministries, outreach, and other important projects.

The real tragedy, however, is that fraud is a gross misuse of God’s resources and a breach of fiduciary duty between the church and its givers.

Church leaders would be wise to pay attention to fraud studies conducted by the Association of Certified Fraud Examiners (ACFE). Known as “Report to the Nations,” ACFE has released 11 studies since 1993. Based on responses from thousands of organizations that have been victims of fraud (“victim organizations”), these ...

Join now to access this member-only content

Become a Member

Already a member? for full access.

Related Topics:
Posted:
  • August 28, 2020

Related ResourcesVisit Store

Nonprofit Finance
Nonprofit Finance
The Field Guide for Financial Operations of Ministries, Schools, and Other Public Charities
12 Steps for Sound Ministry Budgeting
12 Steps for Sound Ministry Budgeting
The steps to better plan, organize and allocate your organization’s financial resources
2021 Church & Clergy Tax Guide (Book)
2021 Church & Clergy Tax Guide (Book)
The most comprehensive and authoritative tax guide available.
Church Finance
Church Finance
Learn about budgeting, financial reporting, tax compliance, insurance coverage, and more.