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 […]
Post Author: Anthony LaNasa CPA CFE
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 […]
Minimize Fraud Risks When Operating Abroad
Expanding operations into foreign countries can help U.S. businesses reduce labor and operating costs. It can also provide them with access to new markets and potentially higher profits. You may […]
Good Acquisition? Not If Your Seller’s Hiding Something
If you’re considering buying a company, fraud may be the last thing on your mind. Unfortunately, you can’t afford to ignore the possibility that your acquisition target is hiding something […]
Financial Statement Fraud: Don’t Believe Everything You Read
Financial statements are central to understanding any business. A public company’s balance sheet, income statement and cash flow statement enable investors, lenders, the media and other stakeholders to value the […]
Got Fraud? Call a Forensic Accountant
Fraud perpetrated by employees, management, vendors or customers can happen to any business. And if it does, it can take years to recover from the financial losses and reputational damage. […]
How Safe Are Your Business’s Paper Checks?
Recently, the Financial Crimes Enforcement Network (FinCEN) told U.S. financial institutions to exercise caution when processing paper checks because they might be fake. Paper checks? Didn’t those go the way […]
How to Outsmart Social Media Scammers
With billions of users worldwide, social media platforms can be a breeding ground for illicit activity — from simple identity theft to sophisticated and wide-ranging fraud schemes. Here’s an overview […]
Make a Fraud Recovery Plan Now, Before Your Nonprofit Is Defrauded
According to the Association of Certified Fraud Examiners (ACFE), not-for-profit organizations make up 9% of all defrauded organizations. Such attacks — and losses — can be enough to destroy a […]
That Investment Opportunity Could Be a Pyramid Scheme
The “investment opportunity” someone just pitched could be a legitimate way to get in on the ground floor of a soon-to-be profitable business. However, it could also be a pyramid, […]
Turn that Fraud Dispute Into a Loyalty-Building Opportunity
If customers report fraud or suspicious charges on their accounts, what might seem like a challenge can actually be an opportunity for your business. Handle these disputes efficiently and you […]
