Blog
Tag: Fraud
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…
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…
Employee Fraud Factor #3: Rationalization
This is Part 3 of a series on the causes of a perfect employee fraud scenario. Read “Employee Fraud Factor #1: Pressure” here, and “Employee…
Employee Fraud Factor #2: Opportunity
This is part 2 of a series on the causes of a perfect fraud scenario. Read “Employee Fraud Factor #1: Pressure” here. In case you…
Employee Fraud Factor #1: Pressure
Consider which of these you believe to be true: Your bookkeeper is honest and would never steal from you -> FALSE All the people you’ve…