Assess your supply chain’s fraud risk
The COVID-19 pandemic has put enormous pressure on global supply chains. As companies struggle to obtain the goods and materials they need, they may not pay as much attention to […]
Post Author: Anthony LaNasa CPA CFE
Something’s Wrong in Your Office. Is it Fraud?
Not all red flags lead to active occupational fraud schemes. But when fraud is occurring, it usually leaves traces — for example, accounting anomalies — for fraud experts and other […]
How to keep fraud out of your law firm
As counterintuitive as it may seem, law firms aren’t immune to criminal activity. Because some firms place enormous pressure on attorneys to produce billable work, they may be particularly vulnerable […]
Small Business, Big Fraud Risks
It’s not always easy being small. For one thing, small businesses (with fewer than 100 employees) experience higher occupational fraud losses: a median $150,000 vs. $140,000 for larger companies, according […]
Be careful when claiming “Made in USA”
Recently, the Federal Trade Commission (FTC) settled a lawsuit with a company it says made false and misleading claims about its consumer products. Specifically, the company advertised on its website […]
The interview before the fraud interview
When Anna, the CEO of a small manufacturing company, received an anonymous report about fraud in the accounting department, she wasn’t sure how to act. After all, the complaint could […]
Divorce Fraud: When divorcing business owners minimize profits
Dividing a marital estate is rarely easy. But it’s made much harder if a divorcing spouse owns a private business and attempts to artificially deflate its profits or hide assets. […]
What’s in the American Rescue Plan Act (ARPA)?
The American Rescue Plan Act, 2021 (ARPA) was signed by President Biden on March 11, 2021 to help businesses, nonprofits and individuals affected by COVID-19. The legislation extends and expands […]
The Ugly Side of the Precious Metals & Stones Industry
All that glitters isn’t gold. This includes gold — and other precious metals, stones, and jewels that are sometimes used to launder the “dirty” proceeds of criminal activities such as […]
Deepfakes: The Newest Frontier in Fraud
Fraud perpetrators are constantly altering their methods to evade detection. Nimble cybercriminals, for example, are why IT security companies update their software so frequently. The use of deepfakes (a word […]
How to Recover From Nonprofit Fraud
Thousands of not-for-profit organizations fall victim to embezzlement schemes every year — some even losing millions of dollars. But losses go beyond actual dollar amounts. The hit to a group’s […]
Fraud Still Matters When Making Business Acquisitions
The COVID-19 pandemic has often made the due diligence process for business acquisitions more complex and time-consuming. But if you’re buying a company, it’s critical to dedicate your full attention […]
