Beyond the Fraud Risk Assessment: Managing Nuanced Threats
Annual fraud risk assessments are valuable tools for identifying obvious threats and documenting the internal controls in place to address them. ...
IRS Expands Theft and Fraud Loss Deductions
The Tax Cuts and Jobs Act (TCJA) significantly restricted the types of theft losses that can be deducted on federal income tax returns. However, a ...
In the News: 3 Fraud Schemes Making a Comeback
Fraud schemes are always evolving. Once frauds are widely publicized and consumers and businesses learn to spot common scams, enterprising criminals ...
Is Your Company Protecting Employees' 401(k) Savings from Fraud?
A recent case involved a 401(k) plan participant who was defrauded of approximately $740,000 by overseas criminals. Unfortunately, fraud involving ...
Strong Controls Over Financial Reporting Are Essential
Public companies are required by the Securities and Exchange Commission (SEC) to evaluate and report on their internal controls over financial ...
Is Your Business Prepared for a Fraud Crisis?
Your business likely has a disaster plan to address fires, natural disasters, or other incidents that could disrupt operations. While a fraud ...
Office Supply Fraud Is Sneaky but Preventable
Office supply scams are a tricky type of vendor fraud that generally use behavioral psychology and often depend on poor intraoffice communications ...
Boost Your Bottom Line by Understanding Your Internal Audit
For many, the word "audit" conjures up images of tax auditors camping out in dark offices or reading intimidating letters from the IRS. However, an ...
Understanding Fraud, Waste and Abuse for Not-for-Profits
Fraud, waste, and abuse can severely impact not-for-profit organizations' financial health and reputation. Understanding and mitigating these risks ...