Fraud and corruption can happen anywhere from the smallest to the largest organisation. That’s what has put FIFA in the news recently.
Here’s how Fast Company explained the situation.
“Authorities worldwide have partnered to take down FIFA officials for soliciting $150 million in bribes that steered the fate of professional soccer for years.
One of the biggest offenses was giving Qatar, a country notorious for exploiting the rights of migrant workers, the 2022 World Cup. The International Trade Union Confederation estimates that 1,200 workers have died building infrastructure for the World Cup so far, and that 4,000 more could die by 2022.”
The scandal has rocked the FIFA world, and the fallout has impacted on most countries involved in the World Cup.
While your organisation is unlikely to experience a problem of this extent, it’s wise to be protected. One of the best ways is to preserve the transparency of your accounts so that no one individual has total control over them.
If you are still relying on the old spreadsheet system for recording your club’s finances, you will not know for sure that the money is where it’s supposed to be. You won’t find out that it’s missing until it’s gone, and there’s not much you can do about it, then.
Through the Admin Bandit club software system, all members of the board can keep an eye on what’s happening within your accounts. Even better, if yours has a parent club, the Admin Bandit system can allow them to monitor your accounts, too .
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