150: Navigating Nonprofit Success with Forensic Accounting: A Dive into Integrity and Innovation with Chris Ekimoff

Book a 1:1 strategy call with Teresa Huff: www.teresahuff.com/mentor In this episode of the Grant Writing Simplified Podcast, I have a fascinating conversation with Chris Ekimoff, a forensic accountant specializing in litigation consulting and forensic accounting services. Chris discusses the importance of financial vigilance and proactiveness in nonprofits to prevent fraud and financial mismanagement. He emphasizes that it's not about fostering suspicion but about creating awareness and setting up good systems, checks, and balances. We touch upon various topics, including the value of having financial or legal professionals on nonprofit boards, the necessity of self-awareness and admitting organizational weaknesses, and the idea of 'trust but verify' to maintain a healthy and transparent nonprofit culture. We advocate for collaboration among nonprofits to learn and grow together, emphasizing that it's not a competitive but a collective mission to serve communities better. This conversation is aimed at helping nonprofits understand the significance of good financial practices and how to implement them to ensure their organization's and mission's sustainability. 00:00 Welcome and Workshop Announcement 00:47 Introducing Forensic Accounting with Chris Ekimoff 03:36 Chris Ekimoff's Unique Background and Forensic Accounting Explained 05:01 The Importance of Forensic Accounting in Nonprofits 13:32 Practical Steps for Nonprofits to Prevent Fraud 19:58 The Balance of Trust and Compliance in Nonprofit Culture 27:25 Navigating Your Career with Skiing Wisdom 28:18 Strategic Planning for Nonprofits 31:23 The Power of Collaboration in the Nonprofit Sector 33:57 Elevating Nonprofit Impact: Moving Upstream 37:31 Cultivating a Culture of Openness and Improvement 45:56 Leveraging Professional and Personal Resources 48:20 Connecting and Sharing Resources for Nonprofit Success

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