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Financial risk best practices help protect districts from fraud

By their nature, districts are destined to be targets of nefarious financial activity. Schools sell stadium ticket sales, collect field trip money, pay private contractors to complete repairs and even run school stores. Thousands of dollars change hands every day in and around schools, and thieves may feel like no one is watching. It’s impossible to keep track of every transaction, but without careful attention to the details of money exchanged, fraud can go undetected for years .

There are actions that schools can take to protect themselves, according to the Association of Certified Fraud Examiners (ACFE).

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