Fraud & Abuse

Are You Sitting Next to a Fraudster?

Fraud is a universal and expensive problem. An average organization's fraud losses amount to five percent of annual revenue, according to the Association of Certified Fraud Examiners' (ACFE) most… Read More

Fraud Prevention Checklist

Fraud Prevention Checklist1 The most cost-effective way to limit fraud losses is to prevent fraud from occurring. The Association of Certified Fraud Examiners prepared the following fraud prevention

Auditing – Internal and External

Since the Sarbanes-Oxley Act (SOX) that imposed strict regulations and reporting requirements on publically-held companies was introduced in 2002, internal auditors' roles have shifted from record

Ethical Business Culture During the Recession and Beyond

As the economic hard times continue, the effect on business culture will be important to watch. The Ethics Resource Center recently released its 2009 National Business Ethics Survey: Ethics in the

System Security - Internal Control Check List

Computer systems enable much greater productivity to workers today and are part of the business landscape, even in offices where transactions still involve paper. While billing and payment

Preventing and Recognizing Fraud in Your Accounting Operation

Almost everyday, our daily news uncovers another scenario of fraud connected to accounting operations. In fact, search your local newswire or the AR&O2C News and you will find that hardly a week

Internal Control – Objectives & Implementation

An effective internal control system is more than a necessary evil required by internal or external auditors. It is simply good business. Why? An internal control system can help a company meet its

Accounts Receivable Fraud

Internal fraud can come in all sizes. It can range from an employee shaving a few dollars off the top of incoming deposits (and pocketing the cash) to multi-million-dollar schemes intended to defraud… Read More

FTC Red Flags Rule

Professionals Sue for Exemption June 2010 In October 2009, the American Bar Association filed a lawsuit against the FTC claiming the Red Flags Rule shouldn't apply to lawyers. A federal… Read More