Calculating Fraud Damages Is Not As Simple As It May Seem
When businesses are defrauded, courts can — and in some states must — order restitution. However, it is not always easy for judges to decide how much a company has
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Conflicts Of Interest: When Employees Are Not On Your Side
One of the governing principles of the employee/employer relationship is that employees have a fiduciary duty to act in their employer’s interests. An employee’s undisclosed conflict of interest can be
Social Security Phone Scams
Despite the National Do Not Call registry and features such as caller ID, phone fraud is thriving in the mobile phone era. Using spoofed numbers — which appear to be
How to Spot Influencer Fraud
To increase brand awareness and influence consumer behavior, businesses of all sizes spend vast amounts on social media marketing. Social media ‘influencers’ can help companies reach and engage customers, but
Antifraud Checklist For Construction Companies
According to the Association of Certified Fraud Examiners’ Report to the Nations: 2018 Global Study on Occupational Fraud and Abuse, organizations victimized by fraud lose a median $130,000. But construction
Dissecting The Role Of The Forensic Accountant In Litigation
When people hear the term “forensic science,” they usually think ‘CSI.’ What comes to mind when you hear the term “forensic accounting?” Similar to forensic scientists offering opinions about scientific
Uncover Bogus Resume Claims & Prevent Bad Hires
Job applicants are not always honest on their resumes. And if you do not investigate suspicious claims, you might end up hiring an unqualified and unethical employee, which could lead
Preventing Fraud in Auto Dealerships
To prevent occupational fraud from cutting into your auto dealership’s profits and generating negative publicity, you need a strong internal controls system. And effective controls start with current and accurate
Why Executives Pose the Greatest Occupational Fraud Risk
In its 2018 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners reported that owners and executives accounted for only 19 percent of all
Fraud Fact: Crooks Prefer Cash
It should come as no surprise that cash is the most popular target of fraud perpetrators. After all, once stolen, cash itself is virtually untraceable. But that does not mean