Anthony LaNasa CPA CFE Archives - Page 2 of 20 - HW&Co. CPAs and Advisors

Why Would Your Businesses Want “Know Your Customer” Policies?

By: Tony LaNasa

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

By: Tony LaNasa

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

By: Tony LaNasa

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

By: Tony LaNasa

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

By: Tony LaNasa

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

By: Tony LaNasa

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 […]

Early Revenue Recognition: Not Just Bad Accounting, but Fraud

By: Tony LaNasa

Financial statement fraud is the least common type of occupational theft (9% of incidents), yet it causes the most substantial financial losses for businesses, according to the Association of Certified […]

Manufacturers: Don’t Turn a Blind Eye to Occupational Fraud

By: Tony LaNasa

Occupational fraud, or employee fraud, is a serious issue for all firms. According to the Association of Certified Fraud Examiners (ACFE), firms lose 5% of their revenue to fraud each […]

Keep Fraud Off Your Restaurant’s Menu

By: Tony LaNasa

The restaurant industry is notoriously difficult, even without the numerous fraud risks. The truth is, when you’re working on razor-thin profit margins, you can’t afford to lose any money to […]

Generative AI Can Help Prevent, Detect and Investigate Fraud

By: Tony LaNasa

Artificial intelligence (AI) is something you might be familiar with or have even used in the workplace. What about Gen AI (or generative AI)? Some well-known examples of Gen AI systems include ChatGPT […]

How Forensic Accountants Use a Lifestyle Analysis to Find Hidden Assets

By: Tony LaNasa

Divorcing spouses or feuding former business partners may fraudulently conceal assets in order to prevent their equitable split. And fraudsters nearly always strive to conceal their illegal gains. In many […]

Fraud Prevention Strategies for Entrepreneurs and Small Businesses

By: Tony LaNasa

Fraud occurs in organizations of all sizes. However, small businesses, particularly new ones, face unique risks because they often can’t afford to invest in pricey fraud-prevention tools. Fortunately, there are simple yet […]

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