Re: "Bookkeeper blamed for huge losses at charity" (TNT, 2-25).
Why do we continue to read articles about organizations and nonprofits finding out that an employee, bookkeeper or treasurer has embezzled funds from them and they are only finding out about it years later?
St. Vincent de Paul Society lost more than $500,000 through identity theft and wire fraud. Its bookkeeper has been living in Phoenix since 2007 doing their books. There was never any audit of her work. You would think that after reading all of the articles that have been in the paper that the organization would have taken the time to review its operations.
Regardless of the size of an organization or its budget, an annual audit should be a requirement. Whether it is a youth league with $1,000 or organizations with hundreds of thousands of dollars, they are all vulnerable.