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Posts By: Steve

Fraud Investigation Identifies Three Types of Fraud

Fraud investigations worldwide reveal that asset misappropriation, corruption and financial statement fraud are the three main types of fraud, according to the Association of Certified Fraud Examiners (ACFE). The ACFE identified these three key types of fraud in its 2014 Report to the Nations, the results of a global survey conducted biennially to study the… Read more »

Why You Can’t Afford Not to Invest in Fraud Deterrence

Think a fraud deterrence program is too pricey?  Consider this.  In its biennial global survey, the Association of Certified Fraud Examiners (ACFE) found that the typical organization loses five percent of its revenues to fraudulent activities each year. That conclusion was a key finding in the ACFE’s 2014 Report to the Nations, the results of… Read more »

Understanding “The Fraud Triangle” Can Aid in Fraud Deterrence

Fraud deterrence is undoubtedly a complex issue.  But there is one seemingly simple approach that can help you keep fraud out of your business or organization:  Understanding “The Fraud Triangle” and using it to your advantage. “‘The Fraud Triangle’ is what forensic accountants talk about when they refer to the three elements that are necessary… Read more »

Financial Statements Can Be Invaluable in Fraud Deterrence

Financial statements issued by companies, government entities or organizations can be invaluable tools in fraud deterrence.  But too often, the people in charge don’t bother to read these statements on a regular basis, and those who do often don’t understand what they are reading. Understanding your financial statements, and knowing what to look for, are… Read more »

A Disaster Recovery Plan Can Help your Business Survive a Disaster

Disasters are in the news every day.  Tornadoes.  Hurricanes.  Sinkholes.  Floods.  Fires.  As a matter of practice, you’ve probably insured your home, your business, your health and your very life in the event disaster strikes.  But what do you actually do when the immediate threat has passed?  Do you have a disaster recovery plan in… Read more »

Fraud Deterrence Starts with You

As a reasonable and intelligent business owner who employs reasonable and intelligent employees, you might think fraud deterrence programs are unnecessary.  It’s a given that everyone knows they’re not supposed to steal from their employer, right? And they also understand that as the boss, you get certain perks to which they are not entitled.  It’s… Read more »