Fraud deterrence programs never take a vacation, but your employees most definitely should. Requiring employees to take regular vacations is a key anti-fraud control in an organization’s comprehensive fraud deterrence program. In its 2014 Report to the Nations, the Association of Certified Fraud Examiners (ACFE) notes that a mandatory vacation policy reduces an organization’s median… Read more »
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Posts Categorized: Company News
Eliminating Opportunity Is Crucial to Fraud Deterrence
Opportunity — the ability for fraudsters to carry out the misappropriation of cash or other company assets — is one of the three key elements necessary for fraud to occur and it is an element that organizations often can eliminate by enacting strong anti-fraud controls as part of a comprehensive fraud deterrence program. In its… Read more »
Fraud Investigation Reveals Fraud Schemes
Fraud investigations into asset misappropriation — one of the three main types of fraud — reveal an assortment of deceitful means by which dishonest employees can steal from an organization. “There is no shortage of schemes by which a fraudster can misappropriate funds from an employer, whether it is a company, a non-profit or a… Read more »
David Anderson Presents Municipal Fraud Webinar
On August 27, 2014, David Anderson of David Anderson & Associates, LLC presented a webinar entitled “Protecting Your Municipality From Fraud” to the Pennsylvania State Association of Township Supervisors (PSATS). Mr. Anderson and his co-presenter, Joseph Barbagallo of Barbagallo & Associates, discussed the differences between forensic accountants and traditional accountants; the types of fraud schemes… Read more »
