Blog
Category: Fraud & Controls
Leveraging a CFO to Prevent Business Fraud
According to the 2024 Report to the Nations by the ACFE (Association of Certified Fraud Examiners), organizations lose 5% of their revenue to fraud annually.…
Fraud or Incompetence: How Can You Tell the Difference?
Here’s the scenario: You’ve discovered a problem with your books. It has rippled through into your key financial reports and possibly also affected corresponding tax…
Ethical Challenges are Increasing in Accounting Today
When it comes to ethics in accounting the data is in and the numbers aren’t pretty! According to a global study on ethics by the…
Don’t Trust Your Accountant!
What would we do without our accountants? We rely on them for accuracy, reporting, transaction processing, analysis, and financial advice. For non-accountants, the discipline can…
What Amazon’s Theft Ring Teaches about Fraud Prevention
In early July it was released that Amazon had fallen victim to a fraud scheme perpetrated by one of its Operations Managers, Kayricka Wortham, at…
A True Story About Accounting Cybersecurity and “Acme’s” Narrow Escape
Since we work with many companies across industries, we have an opportunity to get an inside view of hundreds of accounting departments along with other…
Identifying Financial Fraud at a Company That is Cooking the Books
Publicly traded companies get a lot of press when they commit corporate fraud, but financial fraud can happen at private companies as well. Furthermore, fraud…
Maintaining Business Controls in a Remote Work Environment
We are now seven months into the Covid-19 pandemic, and it is clear we are far from returning to “normal”; however, that may be defined.…
The CEO Email Fraud
Carl in accounting receives an urgent email from Erica, the company CEO. The unusual email captures Carl’s attention, so he verifies that it is from…
Attention Owners, CFOs & Controllers: Is Your Trusted Bookkeeper Stealing?
There are professions that most people would consider trustworthy. Doctors & nurses, firefighters, and teachers all come to mind. How about accountants? Do you trust…