Category: Internal Controls & Fraud Prevention

March 20, 2019
How Fraud can Impact the Purchase of Your Dream Home

Buying a home is stressful enough without also having to worry about potential fraud. Unfortunately, real estate fraud is surging. According to Realtor magazine, scams targeting the industry rose 1,100% from 2015 to 2017, resulting in losses of more than $1.6 billion.  Home...

March 13, 2019
Is Return Fraud Cutting into Your Store’s Profits?

For brick-and-mortar retailers, return fraud can be a serious financial threat. There are several types of schemes. But when they’re successful, they all end the same way: Stores issue refunds that they shouldn’t have. Here’s what to look for and how to limit losses....

March 6, 2019
Prevent Fraud With the Help of Your Audit Committee

Your board’s audit committee is a first line of defense against fraud. But to be effective, committee members need to do more than simply review financial statements and audit results.  Members should also adopt the following best practices:...

February 26, 2019
Preventing Phoenix Companies From Taking Flight With Your Money

Phoenix companies earn their name because they rise from the ashes of failed companies, trading on the goodwill of the original businesses. Here’s how a phoenix company scheme might work: A company’s owner buys goods on credit, purposely drives the business into the grou...

February 13, 2019
Using a Fraud Expert to Head Off Bad Mergers

Mergers and acquisitions are filled with risks, some of them unavoidable. But buyers can avoid risks associated with cooked books and other forms of deceptive accounting used by a seller to distort the value of its company. Before closing an acquisition, engage a forensic ac...

January 29, 2019
First Signs of Business Fraud

Forensic accountants are best qualified to unearth the “hows and whys” of occupational fraud. But it’s up to employers to know when it’s time to call for professional help in the first place. The signs of fraud can be easy to miss, but they’re usually there....

January 1, 2018
Small Business – Fraud Environment & Risks

Increased financial pressures during the current economic downturn have led to an increase in fraudulent business behavior.  It seems like you can’t read the daily business news and not see some article regarding embezzlement.  It is occurring across all sizes of busines...

December 5, 2017
Why Are They Always Asking About Fraud?

Ever wonder why your auditors are asking for seemingly insignificant items or for detail on an insignificant financial line item?...

November 6, 2017
Fortifying your business with enterprise risk management

Hundreds of years ago, prosperous towns managed the various risks of foreign invaders, thieves and wild animals by fortifying their entire communities with walls and towers. Today’s business owners can take a similar approach with enterprise risk management (ERM)....