Stop Receivables Fraud Before It Starts
From invoices and payments to discounts and write-offs, many business transactions are recorded to accounts receivable. This makes receivables a popular fraud target, but your business does not have to
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Category: Fraud
Slam the Door on Home Energy Scams
Deregulation of the energy industry was intended to give consumers a choice of electricity and natural gas providers and an opportunity to save money. However, many homeowners in deregulated states
Fraudulent Transfer Laws Could Sabotage Your Estate Plan
Estate planning aims to help individuals achieve several important goals — primary among them, transferring wealth to loved ones at the lowest possible tax cost. However, if you have creditors,
How Experts Use Tax Returns to Find Hidden Assets
Business owners engaged in fraudulent activities often try to manipulate their companies’ financial statements. Fortunately for fraud experts, business owners’ tax returns are not as easy to misrepresent. Here is
How Gift Card Scammers Target Companies & What You Can Do
Gift cards offer businesses a convenient way to reward employees and thank customers. However, as the FBI recently warned, gift card scams specifically targeting companies are on the rise. Since
Bogus Vendors May Be Costing Your Company A Bundle
Are you harboring fictitious vendors in your accounting system? These are vendors invented by an employee — usually someone with the authority to approve invoices — to embezzle from the
Bad Faith: When Insurers Wrongfully Deny Claims
You pay your company’s insurance premiums faithfully, secure in the knowledge you are covered if something goes wrong. Most of the time, such thinking will be right. Not only is
Why Hotel Owners Should Keep an Eye on their Management Companies
It is common for hotel owners to outsource the management of their properties. Unfortunately, hotel management companies sometimes fraudulently profit at the owners’ expense. Case studies Fraudulent mismanagement can take
How Non-Profits Can Prevent Fraud During the Busy Holiday Season
Non-profits typically receive most of their donations during the holidays and at year end. It is critical for these organizations to be on the lookout for fraud throughout the year
Steering Clear of Abusive Tax Shelters
As the year ends, many businesses look for ways to save on taxes. Purveyors of abusive tax shelters know this and are ready to take advantage of unwitting owners. Abusive