Forensic and Fraud

Beware of Ghost Employees – and Other Payroll Fraud

Any employee can commit payroll fraud. An employee could submit false hours, claiming they worked overtime when they didn’t. On the extreme end, someone in your payroll department could create a ghost employee (an employee that does not actually exist) keeping those false wages for themselves. Learn more: 7 Behavioral Flags for Internal Fraud Below…

7 Behavioral Red Flags for Internal Fraud

Fraud can be uncovered in many different ways: a tip, management review, internal or external audit, document examination, account reconciliation, or even by accident. In 53 percent of cases, however, someone at the company has noticed something amiss and alerted the company. That means there were clues along the way. It’s easy to miss these…

Do You Need a Forensic Accountant?

If you discover money missing from your business, you may need a forensic accountant. Forensic accountants are qualified to investigate the source of missing money and determine whether you were robbed or taken advantage of financially. They’re the people you need when you need to find out where the money went. These experts can research…

Enterprise Risk Management: Managing Organizational Risk Under the Updated COSO 2013 Framework

Organization leaders don’t want to think about fraud and risk assessment, but it’s definitely something that they can’t avoid it. Fraud has long disrupted the idea of business as usual. While most employees don’t commit fraudulent acts, companies must implement monitoring and control systems to minimize the risk of fraud. Just like the 1992 version, the…