Sustainability Planning and Head Start Programs
Explore sustainability strategies that can help programs thrive in the face of anticipated and unexpected opportunities and challenges.
Risks in financial management involve actions that may reduce an organization's financial assets. These can be caused by internal sources like employees or by external sources. Fraud, waste, and abuse of grant funds, such as embezzlement or misuse of property, are examples.
Learn best practices for managing and reducing financial risks, and how to take protective actions.
Explore sustainability strategies that can help programs thrive in the face of anticipated and unexpected opportunities and challenges.
The HHS Grants Policy Statement identifies fraud, waste, and abuse of grants funds that includes embezzlement, misuse or misappropriation of property, and false statements by organizations or individuals. Grantees will find this information helpful in preventing financial abuses in their programs.
Management can perpetuate financial reporting frauds by overriding established control procedures and recording unauthorized or inappropriate journal entries or other closing adjustments. Grantees will find this information useful in preventing similar occurrences from happening within their organizations.
This resource discusses and provides examples of possible financial risk that a nonprofit organization may encounter. Nonprofit grantees may find this resource useful in identifying potential risks within their organization. The risks in financial management are any actions that result in the reduction in value or loss of any of the organization's financial assets.