Thought Leadership

Examining Receipts with Magnifing Glass

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:

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Paper Shreddings

Red Flags Reported? Respond with These Seven Steps

Public school districts can face many different types of fraudulent schemes, and perpetrators could come from any level in the organization. The damage done to your district and your budget by fraud, waste, abuse and corruption can be enormous: not just financial loss, but also losses in…

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Train Employees to Help Stamp out Fraud

If your company is tired of being a fraud target, it’s time to train employees how to recognize and uncover unscrupulous activities — before irreparable damage is done. Here’s how.

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Dissecting the Role of the Forensic Accountant in Litigation

When people hear the term “forensic science,” they usually think “CSI.” What comes to mind when you hear the term “forensic accounting”? Similar to forensic scientists offering opinions about scientific matters, forensic accountants may be called on to investigate and serve as financial experts in…

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Can You Spot a Conflict of Interest?

Conflicts of interest can present significant fraud risks for school districts. They are also one of the most difficult areas of fraud to investigate and document — and, if you’re not careful, an improper investigation can create counterclaims and civil actions against your district and fraud…

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Open Book & Magnifying Glass

Why Executives Pose the Greatest Occupational Fraud Risk

In its 2018 Report to the Nations on Occupational Fraud and Abuse, the Association of Certified Fraud Examiners (ACFE) reported that owners and executives accounted for only 19% of all fraud cases. Yet they caused a median loss of $850,000, vs. a median of $100,000 for rank-and-file employees.…

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Handcuffs on File Folder

Are Your Employees Flying the Red Flags of 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.

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Fraud Fact: Crooks Prefer Cash

It should come as no surprise that cash is the most popular target of fraud perpetrators. After all, once stolen, cash itself is virtually untraceable. But that doesn’t mean forensic accounting professionals can’t unearth cash fraud schemes — and the crooks behind them.

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Extra Large Handcuffs on White Background

Bogus Vendors May Be Costing Your Company a Bundle

Are you harboring fictitious vendors in your accounting system? These are vendors invented by an employee — usually someone with the authority to approve invoices — to embezzle from the company. Thieves fabricate invoices and deposit payments to the fictitious vendor in their own bank accounts.

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