Skimming is not the biggest fraud threat for most businesses. The theft of cash receipts represents only 11 percent of asset appropriation schemes, according to the Association of Certified Fraud
With COVID-19 still raging in much of the country, the opioid crisis may not be the top public health challenge on most Americans’ minds. However, according to the American Medical
Machine learning increasingly is being used to discover fraud schemes. With this type of artificial intelligence (AI), the technology learns or improves in accuracy through experience, rather than through additional
Family businesses make up the vast majority of companies in the United States and produce 62 percent of the country’s gross domestic product, according to the Conway Center for Family
New technologies, including artificial intelligence and machine learning, increasingly are being applied to the old problem of occupational fraud. But in most circumstances, common accounting tools — ‘variance analysis’ and
Even before the COVID-19 pandemic struck, Americans received a lot of packages. About 18 billion parcels were shipped in the United States in 2018, according to Pitney Bowes, and the
The recently released 2020 Association of Certified Fraud Examiner’s (ACFE’s) occupational fraud study, Report to the Nations, reveals that the most common behavioral red flag exhibited by fraud perpetrators is
Several major companies have already filed for bankruptcy during the COVID-19 crisis and many more large and small businesses are expected to follow suit. If you are a creditor of
Not all companies follow U.S. generally accepted accounting principles (GAAP). Many smaller businesses, for example, have adopted the American Institute of CPAs’ Financial Reporting Framework for Small and Medium-Sized Entities
Before the novel coronavirus (COVID-19) pandemic struck, employees who suspected occupational fraud in their organizations had multiple options for notifying their employers. For example, they could use interoffice mail to
