Is Your Business Vulnerable to Identity Theft?
According to data company Dun & Bradstreet, business identity theft increased more than 250% in the first half of 2020. You can thank the pandemic — and the government’s release […]
Category: Fraud
Fraud Controls Are Ineffective When Senior Managers Go Rogue
Senior Managers and Fraud Senior managers that override internal controls can make your company more vulnerable to fraud. This is true even when these managers have innocent intentions — for […]
No Season Is the Right Season for Ghost Employees and Other Payroll Scams
Ghost stories can be good fun, particularly this time of year. Ghost employees, on the other hand, are trouble for employers. They may be just as fictional as the paranormal […]
Welcome to 21st Century Forensic Accounting
Forensic accountants are engaged for a wide variety of assignments, among them investigating fraud, auditing internal controls and quantifying damages associated with legal disputes. All of these require attention to […]
Is Your Business Inadvertently Paying a Shell Company?
Not all shell companies are dishonest. Despite their often-sinister reputation, these paper-only companies may be used legitimately to hold another business’s assets. Or they may be the “empty container” left […]
Medical Practices Are Under Enough Stress – Don’t Let Fraud Add to the Load
The COVID-19 pandemic has put enormous pressure on medical practices and healthcare workers. The last thing they need right now is to worry about financial losses and other negative repercussions […]
“Synthetic” Identity Theft Is Even Scarier Than the Original
Management consulting company McKinsey names synthetic identity theft the fastest growing financial crime in the United States. And a LexisNexis Risk Solutions study has found that 20% of ID theft […]
Using Lifestyle Analysis to Find Hidden Income and Assets
Forensic accountants have many tools to help them find evidence of hidden assets or fraud. But one of the most effective, particularly in divorce matters or legal disputes with former […]
Getting the Goods on Inventory Theft
Maybe the numbers didn’t add up during your company’s recent inventory count. You know that most inventory discrepancies are the result of honest mistakes, such as when employees return items […]
Some online sellers burnish their reputations at the expense of yours
Reports started trickling into state agricultural agencies in July: Consumers were worried about strange seed packets they had received in the mail. The unsolicited goods weren’t labeled and appeared to […]
3 steps experts follow when investigating fraud
When business owners suspect that an employee is stealing assets or manipulating financial results, it’s time to call a fraud expert to investigate. Although the complexity of the incident will […]
Unmasking fraud during an economic downturn
Fraud tends to flourish during periods of prosperity. The reason is simple: When companies experience fast-growing revenues and rising net profits, they may lack a strong incentive to divert resources […]
