Inventory Auditing to Help Prevent Fraud
Got multiple locations? Expect auditors to keep a close eye on inventory. Do you remember the high-profile fraud that happened at drugstore chain Phar-Mor in the 1990s? Executives manipulated the…
Smartphones: The Next Fraud Frontier
Fraud and Your Phone Smartphones quickly have become a standard part of life for much of the population, even our kids. Not surprisingly, they’ve also now become a standard target…
Don’t Lose Revenue to Fraud
Getting employees to join the fight against fraud By Reggie Novak, CPA, CFE, Senior Manager, Audit and Accounting Services The manufacturing sector is especially vulnerable to fraud schemes involving billing,…
How to Detect and Prevent Expense Reimbursement Fraud
Sweat the small stuff and Prevent Fraud By Reggie Novak, CPA, CFE, Senior Manager, Audit and Accounting Services Reimbursement fraud is often overlooked by management with the thought that their…
Fraud and Inventory Loss
Hunting for misplaced “goods” Fraud experts can help recover lost items If your inventory numbers are not adding up during your year-end physical inventory, it may be time to uncover…
Protect your business with good internal controls
The cost of fraud is too high to ignore By: Mike Klein, Partner The 2013 Global Fraud Report survey reports 70 percent of companies suffered from at least one type…
A tip-line protects your business from fraud
Fraud tip-line effectively helps prevent fraud Tip-lines are one of the most effective tools organizations possess to detect and prevent fraud. In the most recent studies, companies with tip-lines experienced…
Fraud: Red Flags Rule Tackles Identity Theft
Are you covered? Several years ago, the Federal Trade Commission (FTC) issued its “Red Flags Rule,” which requires financial institutions and other organizations to implement a written identity theft prevention…
The Costly Consequences of Fraud
How Fraud Can Impact Your Company’s Value There are many negative consequences of occupational fraud, such as financial losses, public embarrassment, and diminished employee morale, but one that is often…
Fraud and Technology – Is it harming your business?
Fraud Schemes to Watch Out For Cybersecurity breaches, such as recent hack attacks on Target, Neiman Marcus and J.P. Morgan, grab all the headlines. But most businesses are likely to…