Embezzlement at the Grandview Community Recreation Association

2019 ◽  
Vol 34 (2) ◽  
pp. 41-59
Author(s):  
Lawrence Chui ◽  
Diane M. Matson
Keyword(s):  
Police Department ◽  
Fraud Triangle ◽  
Fraud Prevention ◽  
For Profit ◽  
Not For Profit ◽  
Local Police ◽  
Forensic Accounting ◽  
The People ◽  
Community Recreation

ABSTRACT This case is based on actual fraud at a not-for-profit organization. In this case, students assume the role of a volunteer forensic investigator who assists the local police department to investigate the possible embezzlement case for a recreation association. Students learn about the activities and the people who are involved with the association. Through the examination of various documents, they identify any discrepancies between the association's accounting records and bank statements. Students apply the fraud triangle to gain a perspective on the possible motivation, opportunity, and rationalization of the likely perpetrator. Students become familiar with the concept of embezzlement and larceny, and recommend fraud prevention practices for the association. After completing this case, students are more aware of why and how small not-for-profit organizations are more susceptible to fraud than are other organizations. This case is appropriate for use in a forensic accounting course or an advanced auditing course.

Looking in the mirror

2015 ◽  
Vol 27 (4) ◽  
pp. 486-507 ◽  
Author(s):  
Paul Wells
Keyword(s):  
Business Professionals ◽  
Content Type ◽  
Public Practice ◽  
For Profit ◽  
Not For Profit ◽  
Individual Perception ◽  
Psychology Theory ◽  
Chartered Accountants ◽  
Practical Implications

Purpose – There is a widely held stereotypical view that accounting is structured, precise, compliance-driven and repetitive. Drawing on social psychology theory, this paper aims to examine how accountants may contribute to these stereotypical perceptions. Design/methodology/approach – Individual perception data were collected through questionnaires and interviews with accountants from the corporate, public practice and not-for-profit sectors, along with “Chartered Accountants” who no longer work as accountants. Findings – These findings suggest that, contrary to results from an earlier study, the targets of the accounting stereotype contribute to the stereotype formation and maintenance and that increased exposure to accountants may serve only to confirm and reinforce the accounting stereotype. Research limitations/implications – There are a small number of participants in this study, and this limits the ability to generalise the findings. Practical implications – These findings have important implications for the profession in how it communicates and promotes the role of the accountant in society. Failure to address the issues identified may lead the stereotype to become self-fulfilling. This may result in the recruitment of future accountants who lack the required skills and capabilities. This could lead to the loss of non-compliance-related accounting work to other business professionals. Originality/value – This study responds to criticism that little is known about how and why the accounting stereotype is formed and how contact with an accountant may increase stereotypicality. Additionally, this paper proposes a strategy to reduce stereotypicality through contact with accountants.

Funding higher education through waqf: a lesson from Pakistan

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Muhammad Usman ◽  
Asmak Ab Rahman
Keyword(s):  
Higher Education ◽  
Educational Institutions ◽  
Public And Private ◽  
Content Type ◽  
For Profit ◽  
Not For Profit ◽  
Academic Activities ◽  
Higher Educational ◽  
The Government

Purpose This paper aims to study waqf practice in Pakistan with regard to its utilisation in funding for higher educational institutions (HEIs) and investigates waqf raising, waqf management and waqf income utilisation. Design/methodology/approach The paper is based on the views of 11 participants who are actively involved in the waqf, its raising, management and income utilisation, and is divided into three subcategories: personnel of higher educational waqf institution, personnel of waqf regulatory bodies and Shari’ah and legal experts as well as archival records, documents and library sources. Findings In Pakistan, both public and private awqaf are existing, but the role of private awqaf is greater in higher education funding. However, due to lack of legal supervision private awqaf is considered as a part of the not-for-profit sector and legitimately registered as a society, foundation, trust or a private limited company. Waqf in Pakistan is more focusing on internal financial sources and waqf income. In terms of waqf management, they have firm guidelines for investing in real estate, the Islamic financial sector and various halal businesses. Waqf uses the income for developmental and operational expenditure, and supports academic activities for students and staff. Waqfs are also supporting some other HEIs and research agencies. Thus, it can be revealed that a waqf can cater a sufficient amount for funding higher educational institutions. Research limitations/implications In Pakistan, both public and private awqaf are equally serving society in different sectors, but the role of private awqaf is much greater in funding higher education. Nevertheless, the government treats private awqaf as a part of not-for-profit sector in the absence of a specific legal framework and registers such organisations as society, foundation, trust or private limited company. The waqf in Pakistan mostly relies on internal financial resources and income from waqf assets. As the waqf managers have over the time evolved firm guidelines for investment in real estate, Islamic financial sector and various other halal businesses, and utilisation of waqf income on developmental and operational expenditures, academic activities of students and educational staff, other HEIs and research agencies, it can be proved that the waqf can potentially generate sufficient amount for funding HEIs. Practical implications The study presents the waqf as a social finance institution and the best alternative fiscal instrument for funding works of public good, including higher education, with the help of three selected waqf cases. Hence, the paper’s findings offer some generalisations, both for the ummah at large and Pakistan. Social implications The paper makes several policy recommendations for policymakers, legislators and academicians, especially the government. As an Islamic social finance institution, the waqf can help finance higher education anywhere around the world in view of the fact that most countries grapple with huge fiscal deficits and are hence financially constrained to meet growing needs of HEIs. Originality/value The study confirms that the waqf can be an alternative source for funding higher education institutions whether it is managed by the government or is privately controlled.

Knowledge transfer requirements for the management of social enterprises and organisations

2018 ◽  
Vol 5 (2) ◽  
pp. 102-112
Author(s):  
Zbigniew Zontek ◽  
Christopher Whitworth
Keyword(s):  
Knowledge Transfer ◽  
Situated Learning ◽  
Interpretative Phenomenological Analysis ◽  
Social Enterprises ◽  
For Profit ◽  
Not For Profit ◽  
Depth Study ◽  
Almost All ◽  
New Applications

The authors have extensively researched motivation and situated learning in social organisations and enterprises via qualitative processes. This was an original work in an under-researched area. The use of open interpretative phenomenological analysis allowed an in-depth study of over 30 individual’s motivations and processes. Their findings clearly demonstrate the role of, and need for, knowledge acquisition, restructuring and transfer into new and evolving NGO’s and similar not-for-profit ventures. Study of 10 very different organisations in two European countries revealed common mechanisms for gaining and utilising knowledge in new ways and for new applications. All were Communities of Practice (CoPs) with a well-defined purpose and rationale. Almost all those interviewed reported utilising their knowledge from earlier experiences, in new ways, and situations. This need for internal and external knowledge transfer was stressed by almost all participants, and how they solved it in their CoP forms a key outcome of the research.Keywords: Management, social enterprise, knowledge transfer.

The Role of the Social Entrepreneur

2000 ◽  
Vol 1 (3) ◽  
pp. 198-198 ◽  
Author(s):  
Barry Sheerman
Keyword(s):  
Manufacturing Industry ◽  
Social Entrepreneur ◽  
Select Committee ◽  
For Profit ◽  
Industry Group ◽  
Not For Profit ◽  
The Social ◽  
Education And Employment ◽  
Member Of Parliament

In Notes from the Front, practising entrepreneurs offer personal perspectives on significant issues in the light of their own business experience. This issue's author is Barry Sheerman, a UK Member of Parliament for Huddersfield since 1983. Currently, he is Joint Chair of the Education and Employment Select Committee, Chairman of Networking for Industry Ltd, Co-Chairman of the Parliamentary Manufacturing Industry Group, and Secretary of the Parliamentary Sustainable Waste Group. Formerly, he was the Opposition front bench spokesman on Education, Employment, Home Affairs and Disability. In this article he reflects on the concept of social entrepreneurship, and discusses the establishment of Urban Mines Limited, a not-for-profit environmental organization concerned with the development of practical approaches to sustainable waste management.

scholarly journals Corporate governance applicability and theories within not-for-profit sport management

2012 ◽  
Vol 9 (2) ◽  
pp. 335-342 ◽  
Author(s):  
Ian O’Boyle
Keyword(s):  
Corporate Governance ◽  
Best Practice ◽  
Sport Management ◽  
Business Environment ◽  
Non Profit ◽  
For Profit ◽  
Not For Profit ◽  
Practice Approach ◽  
Sport Organisation

This paper examines the role of corporate governance in non-profit sport organisations. Governance within the traditional business environment is a crucial issue for the ultimate success or failures of an entity. This study analyses if the structures and systems of governance within traditional business can be transferred to a sport organisation. The various governance theories are examined to assess their applicability within a sport organisation and the role of the board is also analyzed within the study. Finally, this paper examines areas of conflict which may arise relating to governance and concludes by offering a best practice approach to this integral issue within any modern sport organisation.

scholarly journals Not-for-Profit Performance Reporting: A Reflection on Methods, Results and Implications for Practice and Regulation

2021 ◽  
Author(s):  
Danielle McConville ◽  
Carolyn Cordery
Keyword(s):  
Research Data ◽  
For Profit ◽  
Not For Profit ◽  
Performance Reporting ◽  
Profit Performance ◽  
Research Questions ◽  
The Impact ◽  
Interesting Area ◽  
Prevailing View

AbstractThis paper presents a critical analysis of present approaches to studying not-for-profit performance reporting, and implications of research in this area. Focusing on three approaches: content analysis of publicly available performance reporting; quantitative analysis of financial data; and (rarer) mixed/other methods, we consider the impact of these on our knowledge of not-for-profit performance reporting, highlighting gaps and suggesting further research questions and methods. Our analysis demonstrates the important role of regulation in determining the research data available, and the impact of this on research methods. We inter-connect the methods, results and prevailing view of performance reporting in different jurisdictions and argue that this reporting has the potential to influence both charity practices and regulators’ actions. We call for further research in this interesting area. Contribution is made to the methodological literature on not-for-profits, and ongoing international conversations on regulating not-for-profit reporting.

Balancing priorities: the role of industry in water resource management

2003 ◽  
Vol 47 (6) ◽  
pp. xxi-xxv ◽  
Author(s):  
L. J. Giuliano
Keyword(s):  
Water Resource Management ◽  
Water And Wastewater Treatment ◽  
Men And Women ◽  
The Public ◽  
For Profit ◽  
Not For Profit ◽  
The World ◽  
Water And Wastewater ◽  
The Many

Together, the 40,000 men and women around the world who make up ITT Industries and our many colleagues in the water and wastewater treatment industries are working with those of you in the public, not-for-profit, academic and community sectors to confront the many water-related issues we face on a global basis. Should we call this situation a crisis? As discussed in the various sessions of this Symposium, in many ways we are facing a crisis in the water world. But of course, we are also seeing many positive developments in the field, and this provides hope for the future.

Sign in / Sign up

Export Citation Format

Share Document