Fraud

Don’t Let Fraud Break the Bonds of Your Family Business

According to Family Enterprise USA, 87% of U.S. companies are family businesses, which are responsible for 54% of gross domestic product or $7.7 trillion. Although family businesses are an economic pillar of strength, several studies have found that they’re more vulnerable to occupational fraud than other companies. Here’s what you need to know if you […]

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Protect Your Public Company With an Insider Trading Policy

Successful stock trading requires access to information — preferably publicly available information. However, some investors attempt to get a jump on the market by using insider knowledge to make buying, selling and holding decisions. Federal and state laws prohibit trading by anyone with material nonpublic information about a stock’s underlying company. And it’s illegal for […]

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How Codes of Ethics Share Your Nonprofit’s Values, Limit Fraud Losses

Every two years, the Association of Certified Fraud Examiners releases its Report to the Nations, an occupational fraud study of for-profit, not-for-profit and government organizations. As in previous editions, the 2022 study reports that most organizations require employees to read and sign a code of ethics or conduct. This relatively simple control can result in […]

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Using Adverse Media to Head Off Fraud

Many financial companies search for negative news, also known as “adverse media,” as part of their due diligence process for potential customers. But this type of screening isn’t only effective for banks. Any company can use adverse media to scrutinize customers, vendors, and business partners. Screening these subjects can help uncover issues — such as […]

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Do Your ESG Initiatives Open the Door to Fraud?

Corporate environmental, social and governance (ESG) initiatives have evolved from a disjointed and confusing set of goals to a more unified business necessity. This is largely because investors, employees, customers and other stakeholders have demanded it. But as companies ramp up ESG spending and require executives to meet ESG objectives, the likelihood of fraud also […]

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