Because most physicians have no background in business management or accounting, medical practices can be easy targets for occupational fraud. But at a time when reimbursement rates are being squeezed, the last thing your practice needs is employee theft.
Estate planning aims to help individuals achieve several important goals — primary among them, transferring wealth to loved ones at the lowest possible tax cost.
The most effective way to ensure oversight, improve accuracy and prevent fraud is by dividing crucial duties and responsibilities across the organization.
With millions of dollars at stake, an overextended real estate developer has a lot to lose if lack of funds causes a project to collapse. To attract investment capital, some developers have been known to resort to financial statement fraud.
Manufacturers are more vulnerable to fraud than companies in other industries. The median fraud loss in the manufacturing sector was $240,000, according to the 2018 Report to the Nations published by the Association of Certified Fraud Examiners (ACFE).