At many small businesses, it’s not uncommon to still find a mass of paper records, yellowing with age and haphazardly tossed in boxes, as well as old-school computers and dot-matrix printers with tractor feeds and green bar paper. Yet even the most unorganized and...
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What Auditors Can Gain From Involving a Forensic Specialist in an Audit
A do-it-yourself approach may work well for repairs around the house, but for CPAs conducting a financial statement audit, engaging specialized forensic accounting services to help design an audit to detect fraud can help avoid a career-damaging DIY disaster....
Forensic Examinations: How Data Visualization Can Help Lawyers and Investigators Tell a Compelling Story
A forensic examination can yield a mountain of data from a variety of disparate sources that can help expose wrongdoing and provide hard evidence critical to proving (or disproving) a case. But gathering and analyzing the data is just one part of the task. What...
Financial Fraud Investigations: Why an Employee’s Vacation is a Great Time to Detect Fraud
Time off isn’t just a necessity to help employees recover and regroup, it’s also an opportunity for an organization to measure its efficiency and to uncover vulnerabilities it may face from fraud, waste, and abuse. Here are just a few of the ways an organization can...
In a Financial Fraud Investigation, It Pays to Follow the Digital Footprint
Fraudsters often believe they have covered their tracks so well that their activity is untraceable, but they are increasingly running into a significant obstacle when attempting to hide their crimes: Their digital footprint. During the last decade, people have...
Unlocking the Potential of Electronically Stored Information to Determine Lost Profit Damages
At many small businesses, it’s not uncommon to still find a mass of paper records, yellowing with age and haphazardly tossed in boxes, as well as old-school computers and dot-matrix printers with tractor feeds and green bar paper. Yet even the most unorganized and...
Fraud Examination: Protecting Your Business from Workplace Fraud
Despite the distractions and upheaval the Covid-19 pandemic has had on your business, be careful not to overlook another threat that could be looming around the corner — fraud in the workplace. Occupational fraud is the misuse of one’s occupation for personal gain and...
What Beneficiaries Can Do to Help Spot Fraud in a Trust or Estate
It’s an all-too frequent concern for people who are no longer managing their own finances: Are they being taken advantage of by a trustee, executor, or attorney-in-fact—and what can they do to spot and prevent such activity? At Forensic Strategic Solutions, we are...
How to Prevent Workplace Corruption and Collusion? Think Like a Financial Fraud Investigator
When financial fraud investigators discuss corruption in the workplace, they are usually referring to a single employee who is exploiting their position for personal benefit. Collusion, however, involves multiple people working together to abuse their power. When a...
The Shift to Teleworking: Protecting Your Business Data from Fraud
The mass exodus of employees from traditional offices in the wake of the COVID-19 pandemic and the growing ease with which information can be moved and shared has made one thing clear: Businesses are facing a risk-filled new frontier when it comes to their data...
Eight Tips for Detecting Fraud in Accounts Payable
According to the Association of Certified Fraud Examiners 2018 Report to the Nations, fraudulent disbursement schemes remain the costliest form of asset misappropriation fraud to threaten small businesses. Although this risk can seem overwhelming, it may be avoidable...
The Power (and Variety) of Data in Forensic Investigations
Time and time again, we trumpet the incredible value of advanced data analytics in forensic investigations – often, it is the key to finding the needle in the haystack. Fortunately, our firm remains at the forefront of utilizing data to identify unexpected patterns when investigating financial fraud – that red flag that tells us something isn’t as it should be – whether for a qui tam case involving kickback schemes or a case of underreported revenue.