Optimal Statistical Decisions or Preventing Fraud in Nonprofit Organizations

Optimal Statistical Decisions

Author: Morris H DeGroot

The Wiley Classics Library consists of selected books that have become recognized classics in their respective fields. With these new unabridged and inexpensive editions, Wiley hopes to extend the life of these important works by making them available to future generations of mathematicians and scientists.

Table of Contents:

Pt. 1	Survey of probability theory
Ch. 1	Introduction	3
Ch. 2	Experiments, samples spaces, and probability	6
Ch. 3	Random variables, random vectors, and distribution functions	16
Ch. 4	Some special univariate distributions	33
Ch. 5	Some special multivariate distributions	48
Pt. 2	Subjective probability and utility
Ch. 6	Subjective probability	69
Ch. 7	Utility	86
Pt. 3	Statistical decision problems
Ch. 8	Decision problems	121
Ch. 9	Conjugate prior distributions	155
Ch. 10	Limiting posterior distributions	190
Ch. 11	Estimation, testing hypotheses, and linear statistical models	226
Pt. 4	Sequential decisions
Ch. 12	Sequential sampling	267
Ch. 13	Optimal stopping	324
Ch. 14	Sequential choice of experiments	385

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Preventing Fraud in Nonprofit Organizations

Author: Edward J McMillan CPA CA

IS YOUR NONPROFIT VULNERABLE TO FRAUD?


Fraud or embezzlement discovered within a major corporation ultimately leads to front-page scandals and a few raised eyebrows. But the mere suggestion or evidence of fraud within a nonprofit can cause irreversible damage to its reputation, its support base, and, eventually, its very existence. Preventing Fraud in Nonprofit Organizations is the proactive manual your organization needs to detect fraud and prevent it from affecting your organization's bottom line and name. Brimming with details of hundreds of actual fraud and embezzlement schemes, it provides specific, practical advice on strengthening the areas in which your nonprofit may be most vulnerable.

This hands-on guide shows nonprofit accountants, CFOs, financial consultants, board members, and managers how to:

• Know the four consistent areas of high risk

• Thoroughly evaluate their organization's system of internal controls

• Assemble a fraud examination team

• Document a fraud action plan

• Expose weaknesses that could lead to fraud

• Take corrective action to reduce the possibility of victimization

Fraud deterrence is not exclusive to large corporations. Recommended reading for nonprofit professionals, Preventing Fraud in Nonprofit Organizations will motivate executives to take a fresh and intensive look at their organization's practices and act to protect from financial dishonesty.