Fraud

Why Trusted Employees Steal From Small Business Owners

By |2020-01-16T16:31:57-06:00January 14th, 2020|Accounting, Advisory, Fraud, Internal Control|

  As businesses grow, trust and delegation can cause the business owner to be less hands-on with their financials. Small businesses don’t always have the people and resources to put the proper checks and balances in place. As a result, small businesses are more susceptible to employee fraud. It’s important to understand how employee fraud [...]

Data Security: Is Your Organization Doing Enough?

By |2019-12-09T13:12:32-06:00August 14th, 2019|Assurance, Board, Fraud, Internal Control, IT, Nonprofit, Preparation, Tips|

The term data security broadly refers to defensive measures put into effect to prevent unauthorized admission into computers, databases, websites, and any other places data may be stored. Data security is typically applied to systems which protect personally identifiable information (PII). Examples of more sensitive PII include social security numbers, driver’s license numbers, full [...]

Is That IRS Call Legitimate? 5 Tips for Catching Tax Scams

By |2019-12-09T13:22:36-06:00March 6th, 2019|Advisory, Fraud, IRS, IT, Tax, Tips|

Millions of dollars and personal information from thousands of people are lost every year due to tax scams. There is an old saying that there are two things that are certain in life: death and taxes. It seems you can add a third: tax scams. There are some new and updated scams for 2019: [...]

Preventing and Detecting Fraud Through Effective and Practical Internal Controls

By |2018-12-07T14:57:19-06:00September 6th, 2018|Board, Fraud, Nonprofit, Tips|

Dan Montgomery, CPA, provides some insight in preventing and detecting fraud through effective and practical internal controls for our Nonprofit Video Series.

Considering Red Flags of Occupational Fraud

By |2019-04-10T13:37:37-05:00February 9th, 2018|Compliance, Forensic Accounting, Fraud, Internal Control, Investigation|

Internal fraud, also called occupational fraud, is defined by the Association of Certified Fraud Examiners (ACFE) as “the use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the organization’s resources or assets.” Included below are some interesting statistics related to Occupation Fraud as reported in the ACFE's 2016 Global Fraud [...]

Credit Card Fraud and Online Donations

By |2017-04-21T12:52:19-05:00July 1st, 2016|Fraud, Nonprofit|

Credit card fraud is a growing problem for charitable organizations. Nonprofit entities that seek to simplify online charitable giving are particularly vulnerable. Targeting Nonprofits Donations are crucial for nonprofits, so organizations often bypass online payment safeguards that can help prevent deceitful practices. This allows scammers to use nonprofits to quickly test many stolen credit card [...]