To Be Effective, You Can't Fight Fraud Passively

August 12, 2019

When it comes to reducing fraud loss and duration, active detection methods (such as surprise audits or data monitoring) are far more effective than passive methods (such as confessions or notification by police).

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Recent Settlements on False Claims Act Allegations Mean Companies Should Take Notice

August 8, 2019 On August 1, Cisco Systems reached a multi-state settlement agreement to resolve what is believed to be the first cybersecurity False Claims Act litigation brought as a result of an internal whistleblower complaint. The litigation, spearheaded by the New York Attorney General, together with…

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Calculating Fraud Damages Isn’t as Simple as It May Seem

July 12, 2019 When businesses are defrauded, courts can — and in some states must — order restitution. But it isn’t always easy for judges to decide how much a company has lost. That’s where fraud experts can help.

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Antifraud Checklist for Construction Companies

July 5, 2019 According to the Association of Certified Fraud Examiners’ Report to the Nations: 2018 Global Study on Occupational Fraud and Abuse, organizations victimized by fraud lose a median $130,000. But construction companies, in particular, are even harder hit, with a median loss of $227,000. What can you…

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Prevent Fraud with the Help of Your Audit Committee

May 30, 2019 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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Red Flags Reported? Respond with These Seven Steps

May 24, 2019 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

May 10, 2019 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

May 1, 2019 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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Prevent Hackers From Wiping out Your Employees’ 401(K) Accounts

April 24, 2019 News of commercial database hackings may seem commonplace in 2019. But while many of these stories focus on hacked bank and credit card accounts, 401(k) plan sponsors and participants probably don’t realize that their plan assets also are at risk.

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Can You Spot a Conflict of Interest?

April 22, 2019 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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