Date of Conferral
2023
Degree
Doctor of Business Administration (D.B.A.)
School
Business Administration
Advisor
Theresa M. Neal
Abstract
AbstractEmployee intent to commit fraud and embezzlement costs has the potential for adverse business outcomes. Nonprofit leaders are concerned with employee fraud and embezzlement costs as it is the main predictor of employee wrongdoing and increase the chances of their organization's failure. Grounded in fraud triangle theory, the purpose of this qualitative multiple-case study was to explore internal control strategies nonprofit leaders use to limit fraud and embezzlement costs. The participants were eight leaders from four nonprofit organizations in the Southeastern United States who successfully used strategies to prevent fraudulent financial losses in their organizations. Data were collected from semistructured interviews and a review of income and expenditure statements, balance sheets, operational budgets, training policies, and meeting minutes. Using Yin's 5-step analysis process, three themes emerged: (a) procedures established helped leaders prevent losses from employee fraud and embezzlement costs, (b) board of director oversight to mitigate risk and fraud, and (c) transparency and communication amongst leaders. A key recommendation is for nonprofit leaders to implement cash processing procedures, checks and credit card procedures, and ethics and training programs to limit employee fraud and embezzlement costs. The implications for positive social change include the potential to mitigate the risk of fraud and embezzlement costs within organizations and to provide enhanced business success, increasing nonprofit resource availability for improving the economic status of the local community.
Walden University
College of Management and Technology
This is to certify that the doctoral study by
Ralston Tracey
has been found to be complete and satisfactory in all respects, and that any and all revisions required by the review committee have been made.
Review CommitteeDr. Theresa Neal, Committee Chairperson, Doctor of Business Administration Faculty
Dr. Franz Gottleib, Committee Member, Doctor of Business Administration Faculty
Dr. James Glenn, University Reviewer, Doctor of Business Administration Faculty
Chief Academic Officer and Provost Sue Subocz, Ph.D.
Walden University2023
Recommended Citation
Tracey, Ralston K., "Internal Control Strategies to Limit Nonprofit Organization Fraud and Embezzlement Costs." (2023). Walden Dissertations and Doctoral Studies. 11866.
https://scholarworks.waldenu.edu/dissertations/11866
