Even at a time when 9 out of 10 Americans have adopted some form of digital payment, the old-fashioned paper check remains a critical financial tool. In fact, recent surveys show that nearly 40 percent of U.S. businesses still use checks for ...
Ralph Q. Summerford
The fraud triangle is a framework used by anti-fraud professionals that helps explain the motives behind deceitful actions. For attorneys and CPAs who are helping their clients search for answers, the fraud triangle may serve as a ...
Some workplaces operate as if they are fully engulfed in a five-alarm fire. Employees consistently scramble to meet deadlines, the team is stressed, the work is intense, and far from helping to put out the blaze, managers contribute to the ...
While building trust with your team is fundamental for a small business owner, it's important to be vigilant. Think, “Trust but verify.” Employee dishonesty isn’t just about obvious behavior, like stealing office supplies or embezzling money, ...
If you suspect a spouse is hiding their true net worth, don’t forget to look closely for potential digital assets.
When couples navigate the complexities of divorce, financial transparency—or a lack thereof—can play a major part in the ...
An effective whistleblower hotline program could make the difference between catching fraud early and facing a substantial loss.
Since the Sarbanes-Oxley Act was enacted in 2002, public companies have been required to provide an ...
For a decade, Dhirendra Prasad worked primarily as a buyer in Apple Inc.’s Global Service Supply Chain department. As far as Apple was concerned, Prasad’s job was helping buy parts and services to repair older devices. Trusted and well-paid, ...
Economic turmoil can create a perfect storm for employee fraud, as companies sacrifice compliance activities to save money, and financial insecurity and temptation among workers increase.
To protect your business from potential fraud, ...
Artificial intelligence (AI) has the potential to transform the way we do business, making companies, as The Economist once put it, “swifter, cleverer, and leaner.”
Unfortunately, legitimate businesses aren’t the only ones with access ...
The long-running financial fraud investigation and subsequent criminal cases involving Theranos Inc. offer a cautionary tale on how easily investors and stakeholders can be deceived by company insiders.
Theranos founder Elizabeth ...
In a financial fraud investigation, using technology to marshal big data can be a major help. But it’s just one piece of the puzzle. To complete the picture, a fraud investigator must rely on information gathered from a disparate array of ...
It was a sprawling and complex piece of litigation, and the attorneys involved faced a series of questions that could only be answered by specialists with deep forensic and investigative expertise.
How would they determine the value of ...