A business owner discovers an employee has been stealing supplies and falsifying inventory records to conceal the theft. The employee is terminated, and the company strengthens its internal controls to
Uncovering financial discrepancies through lifestyle analysis can provide valuable insights when reported income, assets, and spending patterns don’t align. In fraud investigations, divorce proceedings, business disputes, and other financial matters,
Fraud risks can shift as your business grows, operations change, and external conditions evolve. Controls that once worked may no longer fit if you have added employees, revised payment methods,
For years, one common way to spot phishing and other electronic fraud schemes was to look for poor spelling, awkward grammar, or suspicious formatting. That guidance is no longer enough.
Natural disasters can disrupt business operations with little warning. If your organization does not already have one, a formal disaster response plan can help you protect employees, customers, facilities, and
Antifraud training can help employees recognize how fraud may occur, including attempts to steal business assets, override internal controls, or pressure staff into approving unusual transactions. However, training alone may
Accounts receivable is essential to steady cash flow, which makes it a critical asset for your business and a potential target for fraud. When payment receipt, recording, and reconciliation processes
Large expenditures and sophisticated technology aren’t the only answers to fraud prevention. Most of the time, it simply comes down to controls that address common fraud vulnerabilities. It’s common for
Effective fraud prevention begins at the top with the board of directors. Engaged audit committees or advisory boards help to protect your organization form the risk of internal and external
U.S. military veterans own majority stakes in more than 1.6 million businesses and represent 5.3% of this county’s business owners, according to the U.S. Small Business Administration. Even if you’re not
