Combating Fraud

Combating Fraud

Want more tips to prevent fraud? We’ve got them! The Association of Certified Fraud Examiners (ACFE) has published simple steps any organization can take to identify and effectively manage potentially costly fraud losses: 1. Be proactive.  Establish and maintain...
Simple ways to protect your business from fraud

Simple ways to protect your business from fraud

The client call I recently received sounded familiar. On the phone, a distraught business owner described what he had found: “I caught her writing checks to herself; one for $5,000! She has worked here for years and is the best employee we have.” I expressed my...

The Fraud Triangle

People often ask about the “basics” of internal fraud. Why it happens and what can be done to prevent it. The easiest way to show this is the Fraud Triangle….   What is Fraud? Occupational fraud is the use of one’s occupation for unauthorized...
Anti-Fraud Resolutions

Anti-Fraud Resolutions

I know, I know. You don’t need any more New Year’s resolutions, right? That’s what my latest client thought. I’ll call him TJ. He hired the “perfect” bookkeeper to mind his accounts. She had a “great” background, she was...
We Found Fraud, Now What?

We Found Fraud, Now What?

1. Log all communications and events a. Using a simple legal pad, keep track of events surrounding discovery of potential theft; conversations with suspect and key witnesses; notification of counsel, police and/or insurance company; and, actions taken. 2. Take a deep...