Is Someone Stealing Your Company’s Secrets?
Corporate espionage has long been a threat for U.S. companies. Recently, intellectual property (IP) theft by foreign governments and organized crime gangs has grabbed headlines — for good reason. According
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Tag: Occupational Fraud
Actively Look for Fraud & Reduce Financial Losses
The Association of Certified Fraud Examiners’ (ACFE) ‘Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse’ provides ample evidence that some fraud detection methods are better than
Something Is Wrong in Your Office. Is It Fraud?
Not all red flags lead to active occupational fraud schemes. But when fraud is occurring, it usually leaves traces — for example, accounting anomalies — for fraud experts and other
Small Businesses, Big Fraud Risks
It is not always easy being small. For one thing, small businesses (with fewer than 100 employees) experience higher occupational fraud losses: a median $150,000 vs. $140,000 for larger companies,
Receivables Can Mean Fraud Risk — Here is How to Reduce It
One of the most common routes for occupational fraud perpetrators runs through the accounts receivable department. Unless you are aware of these schemes and take steps to prevent them, your
Four Tips for Preparing a Fraud Case for Law Enforcement
If you have caught an employee stealing from your company, you may think that turning the person over to the police will result in prosecution. That is not necessarily true.
Medical Practices Are Under Enough Stress — Do Not Add Fraud to the Load
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
‘Reputable’ Professionals May Turn to Money Laundering During COVID-19 Crisis
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
Why You Do Not Need High-Tech Tools To Find Fraud
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
Occupational Fraud Red Flags
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