Keep Fraud Off Your Restaurant’s Menu
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 […]
Post Author: Anthony LaNasa CPA CFE
Generative AI Can Help Prevent, Detect and Investigate Fraud
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
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
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 […]
Are Vendors Cheating Your Company?
Every year, companies in the United States lose millions of dollars due to vendor fraud. These schemes can be multifaceted and often include the collaboration of numerous vendors or suppliers, […]
What Is the Danger of Residual Fraud, and What Can Your Company Do About It?
Business owners and executives may better understand and manage the possibility and possible effect of fraud by conducting frequent risk assessments. There are two kinds of company risk: inherent and […]
Need to Know: What to Tell Employees About Your Antifraud Efforts
Surveillance is widespread amongst workplaces, although employers who monitor employee activity may keep the practice hidden. This could be a mistake, because when employees know they are being watched, they are […]
Job-Juggling Remote Workers May Threaten Your Company
Although some companies currently require employees to work in the office full-time, many allow employees to work remotely one or more days per week. A growing preference for remote roles can […]
Trust and Internal Controls Can Coexist in Your Nonprofit
Within a period of just a month, a Minnesota woman was charged with skimming more than $300,000 from her animal rescue charity, a Florida man was charged with multiple felonies […]
Don’t Let Your Industry Determine Your Fraud Destiny
Occupational fraud risk is not uniformly distributed across all industries. According to the Association of Certified Fraud Examiners (ACFE), certain businesses, such as construction, real estate, manufacturing, and transportation, are particularly […]
Conflict-of-Interest Policies Prevent Misunderstandings — and Fraud
Small businesses, especially those that are family-run, often rely on the principle of trust. You likely trust any of your employees to lock up at the end of the day, […]
Prevent Money Laundering From Endangering Your Small Business
When criminals profit from illegal activities, they often need to “clean” or camouflage the proceeds of their crimes. Money laundering is the process of separating funds from illegal sources, such as theft, drug trafficking, or terrorism, and […]
