Do You Have a Fraud Disaster Plan?
Your business likely has a disaster plan for emergencies like fires, natural disasters, or terrorist attacks that could disrupt operations and endanger lives. While a fraud contingency plan might […]
Post Author: Anthony LaNasa CPA CFE
Addressing Workers’ Comp Fraud
Workers’ compensation insurance offers essential medical care and financial support to employees injured or incapacitated at work. Unfortunately, this benefit is sometimes exploited by dishonest individuals. According to the Coalition […]
BEWARE of Office Supply Fraud
Office supply scams are a tricky form of vendor fraud that often exploits behavioral psychology and poor office communication. While they might not cause significant financial losses individually, the costs can […]
Is Your Inventory Missing — Or Stolen? Ask an Expert
Many organizations, including retailers, manufacturers, and contractors, rely heavily on strict inventory control. If inventory is not precisely tracked, businesses are unable to effectively produce goods, meet customer demand, and generate […]
Shoring Up Protections Against Expense Reimbursement Fraud
Expense reimbursement fraud is an occupational fraud scheme that has become more costly for businesses since the start of the COVID-19 pandemic in 2020. According to the most recent report from the Association […]
What To Do If Your Business Is Defrauded
Occupational fraud is more than just a financial hazard. It can transform a company’s reputation, culture, and relationships. However, before dealing with any of the deeper repercussions from fraud, exposed organizations must “clean […]
Why Would Your Businesses Want “Know Your Customer” Policies?
Financial institutions, investment service companies, insurers, and creditors are generally required to implement and adhere to know-your-customer (KYC) policies as part of a larger anti-money laundering (AML) strategy. Although most […]
How Fraud Perpetrators Conceal Their Illicit Activities
Employees who commit fraud typically strive to keep the schemes running as long as possible by concealing their activity from others. The success of thieves is largely determined by their […]
Got Fraud Losses? How Experts Put a Number on Damages
If a fraud event causes substantial financial losses for your organization, you may opt to initiate legal proceedings against the guilty party, potentially seeking compensation in the form of compensatory […]
Charity Scams: A Small Business Perspective
Many businesses help their communities by donating to local charities. Although many nonprofits merit your support, some exist expressly to facilitate fraud. How do you avoid the latter? Before you […]
Tips for Investigating Employee Fraud Tips
Occupational fraud is a crime typically committed by employees against their employers. Ironically, employees are also more likely to recognize or suspect occupational fraud schemes perpetrated by coworkers or managers. […]
Preventing Fraud Losses Across Multiple Business Locations
If your company has several locations (such as with retail or restaurant chains), you have unique fraud-prevention concerns. After all, you cannot be everywhere at once. The more establishments you […]
