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, […]
Post Author: Anthony LaNasa CPA CFE
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 […]
Watch for These Small Business Fraud Schemes
While it may seem that most fraud scams are repetitive and familiar, fraudsters are always devising new ways to cheat businesses. Here are some recent scams – and how your company […]
Protecting Your Business While Using AI
Have you ever questioned the authenticity of the image or video you’re viewing, the audio you’re hearing, or the text you’re reading? The distinction between genuine and fake can be […]
How Secure Is Your Accounts Receivables Department?
Asset misappropriation schemes make up more than half of all occupational fraud schemes, according to the Association of Certified Fraud Examiners. It’s a broad category that includes everything from skimming […]
How “Phoenix” Companies Abuse Bankruptcy Protection and Defraud Creditors
According to S&P Global, there have been at least 230 corporate bankruptcy filings thus far in 2023 (through early June). That’s more than twice the number of filings over the […]
