Organizations of all types face numerous costs and risks. One risk that is regularly overlooked by businesses and government organizations is the risk of fraud. Historically, K-12 public schools have fallen victim to fraud far more than many other areas. In the Association of Certified Fraud Examiners Report to the Nations, it was found that of the 22 industries examined, education experienced the 5th highest number of fraud instances.
Schools across North America collect billions of dollars in student activity fees. As school fees are still largely paid in cash and are handled by multiple stakeholders and volunteers within a school, the possibility of fraud is amplified. This guide aims to help districts understand what causes fraud and discover effective strategies to combat it.
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