Anthony LaNasa CPA CFE

Posted in: Fraud

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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Anthony LaNasa CPA CFE

Posted in: Articles, Fraud, Nonprofit

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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Anthony LaNasa CPA CFE

Posted in: Articles, Fraud

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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Anthony LaNasa CPA CFE

Posted in: Articles, Fraud

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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Anthony LaNasa CPA CFE

Posted in: Articles, Fraud

5 Ways to Stop Employees From Colluding in Fraud

What happens if two or more individuals in your organization collude to commit fraud? According to the Association of Certified Fraud Examiners’ (ACFE’s) 2022 Report to the Nations, fraud losses rise precipitously. The median loss for a scheme involving just one perpetrator is $57,000, but when two or more perpetrators are involved, the median loss […]

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