DJC Oregon – Bid rigging is a fraudulent scheme in which competing parties collude to corrupt the procurement process. The practice perverts a process that is designed to award contracts to the best and most qualified subcontractor, and disrupts the free-market...
MONDAQ.COM Are we just reading the wrong newspapers and reports or does it seem that auditors—although they spend hours and hours performing audits—rarely identify instances of fraud? Most companies rely on their auditors to uncover irregularities and breathe a sigh...
CFO – Most mid-size to large organizations rely on internal and external audits as a key preventative measure against fraud. The problem is, many CFOs assume that a routine financial audit will reveal financial anomalies that could be fraud. Unfortunately, quite...
INSURANCE JOURNAL – Insurance is the safety net that protects individuals and companies in case of damage, theft, injury, illness or loss. Fire, floods, earthquakes, tornadoes and freak accidents can quickly decimate a thriving business. When disaster strikes,...
PC360 – Imagine finding out that your bookkeeper was forging your signature and issuing herself illicit checks. Or that she was using the company credit card to pay personal bills or buy personal items. Although unnerving, scenarios like these happen every year...
Lodging Magazine – It can be said that fraud is the second oldest profession in the world: After all, where there’s money, there’s money to steal. It’s also an unfortunate reality that dishonest employees exist in all companies, and the hospitality industry is...
