Most fraud-prevention guidance advises owners and managers to monitor employees. But what exactly does this mean? Are you legally entitled to monitor employee computer use? What about security cameras in
According to data company Dun & Bradstreet, business identity theft increased more than 250 percent in the first half of 2020. You can thank the pandemic — and the government’s
These days, many offices and other workspaces are nearly empty as employees work from home. This can make companies that do not safeguard their computers, printers, and other equipment vulnerable
Management overrides of internal controls can make your company more vulnerable to fraud. This is true even when managers have innocent intentions — for example, they do not feel they
Forensic accountants are engaged for a wide variety of assignments, among them investigating fraud, auditing internal controls and quantifying damages associated with legal disputes. All of these require attention to
Ghost stories can be good fun, particularly this time of year. Ghost employees, on the other hand, are trouble for employers. They may be just as fictional as the paranormal
Not all shell companies are dishonest. Despite their often-sinister reputation, these paper-only companies may be used legitimately to hold another business’ assets. Or they may be the ‘empty container’ left
Management consulting company McKinsey names synthetic identity (ID) theft the fastest growing financial crime in the United States. And a LexisNexis Risk Solutions study has found that 20 percent of
The COVID-19 pandemic has put enormous pressure on medical practices and healthcare workers. The last thing they need right now is to worry about financial losses and other negative repercussions
Business value is a function of risk and return. This is why, when appraising companies, valuation experts are always on the lookout for fraud risks. Although valuations typically are not
