Fraud Checkup for Higher Education Institutions
Colleges, universities, and seminaries have many different departments — and many different opportunities for fraud, from the financial aid office to the athletic department, research labs, and finance office.
In the Occupational Fraud 2024: A Report to the Nations from the Association of Certified Fraud Examiners (ACFE), the most common occupational fraud schemes in the United States and Canada were:
- Corruption – 35%
- Billing – 29%
- Noncash schemes – 21%
Median losses in the education segment were $50,000. Yet fraud can also have an immeasurable impact on an institution’s reputation, student and faculty morale, and donor relations.
Protecting your institution against fraud and detecting it quickly if it does occur can be complex and time-consuming, but CapinCrouse can help. We serve more than 120 higher education institutions of all sizes, and have an in-depth understanding of the unique fraud risks within this segment.
The CapinCrouse Fraud Checkup™ was developed to help higher education institutions and other nonprofits identify fraud risks and provide best practice solutions to mitigate those risks.
Learn more about how the Fraud Checkup works and how it can benefit your institution.
Take our online Fraud Risk and Prevention Questionnaire.
