Document fraud has increased dramatically in recent years. In fact, according to the U.S. Treasury’s Financial Crimes Enforcement Network, check fraud, alone, …
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Fraud Prevention
Preventing Fraud Through Careful Hiring Practices
While no organization is fully immune to fraud and its devastating consequences, employing a variety of prevention strategies across the board can reduce the …
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Fraud – The Cost of Doing Business?
Guest Author Tim Dimoff, www.sacsconsulting.com According to the Association of Certified Fraud Examiners (ACFE): Organizations lose 5% of their annual …
Learning From the SEC Whistleblower Program’s Success
The U.S. Securities and Exchange Commission (SEC) Whistleblower Program was created by the Dodd-Frank act of 2010 to combat fraud and protect investors. From …
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Financial Crime Compliance Costs Surge in Wake of Global Pandemic
A Compliance Week article, “Study: Financial crime compliance costs top $42B in U.S./Canada,” reports statistics from a LexisNexis Risk Solutions study that …
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Time Theft and the Remote Workplace
Time theft is a very common form of fraud in the workplace. It is both discrete and easy for employees to justify, but this doesn’t make it any less of a …
Preventing the Perfect Storm: Minimizing the Risk of Fraud in a Turbulent Economy
With current high levels of economic uncertainty, we found it timely to discuss how struggling economies increase the risk of fraud. To investigate this concept …
Defining Features of an Effective Whistleblower Hotline
“Always on Duty,” by Kevin M. Alvero, CFE (Fraud Magazine January/February 2020), discusses key traits that make whistleblower hotlines effective for fraud …
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Prevention of Common Asset Misappropriation Schemes
According to the Association of Certified Fraud Examiners, asset misappropriation or theft is the most common type of fraud, accounting for 80% of all cases. …
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10 Ways Universities Can Commit to an Ethical Organizational Culture
By Rashmi Airan Note from Red Flag Reporting: This blog was reprinted with permission from Rashmi Airan, a Columbia Law School grad and a consultant …
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Calling All Auditors: COSO and Hotlines
Ever wonder how critical your hotline is? Here is what experts on COSO have to say about hotlines: Title: Leveraging COSO Across the Three Lines of …
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Lessons Learned from the City of Sacramento
We came across an article titled “When city workers request fraudulent reimbursements, it’s buyers beware,” by Graham Womack, published on www.newsreview.com. …
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