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 CPA Lisa London explains three ways nonprofits can reduce their risk for money thefts by volunteers and employees Raleigh, N.C.: According to the Association of Certified Fraud Examiners, nonprofits lose an average of 5-7 percent of their revenues each year to fraud and theft. Brotherhood Mutual, an insurance company specializing in serving religious institutions, says that over $39 billion was stolen from churches in 2014, surpassing the $35 billion churches spent on missionary work in the same period. Certified public accountant Lisa London, author of the globally recognized guide Using QuickBooks Online for Small Nonprofits and Churches, says the thieves...

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