When a Valuation Professional Finds Fraud
Imagine you’ve got your eye on a business that seems like an attractive investment or acquisition target. It boasts strong earnings, competitive growth estimates and a clean balance sheet. But […]
Category: Fraud
Preventing “Privileged User” Fraud and Abuse
In most companies, employees need a user identity to access work-related hardware and software. Privileges to use certain applications or open certain files usually are provided to workers based on […]
Don’t Let Tax Identity Thieves Steal Your Refund — Or Your Peace of Mind
Any form of identity theft can be costly, unsettling, and take months — sometimes years — to fully recover from and repair. But tax-related identity theft can be particularly disturbing […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
Spotlight on a Critical Antifraud Tool: Risk Assessments
Fraud risk assessments have been shown to prevent occupational fraud and limit losses for victimized organizations. These tools have become more prevalent in recent years, according to “Occupational Fraud 2022: […]
IRS Dirty Dozen Part 6 – Abusive Easements & Insurance Arrangements
These last two schemes wrap up the IRS’ Dirty Dozen – its annual list of top tax scams. Don’t be fooled by abusive easements and insurance arrangements. 11: Abusive Syndicated […]
Partially Empty Offices Can Be Fertile Ground for Theft
If most of your employees have worked from home since the start of the pandemic or are only gradually transitioning back to onsite work, your office may be emptier than […]
