Tag: fraud detection
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Mitigating fraud in a nonprofit: Strategies and best practices
Hannah Carter explains how fraud poses a serious threat to nonprofits, costing organizations hundreds of thousands per case. Learn how to detect warning signs and implement effective fraud prevention strategies.
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Addressing occupational fraud in the construction industry
Discover how to protect your construction business from occupational fraud. Learn about the latest fraud risks, prevention strategies, and internal controls to safeguard your company from financial losses.
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Surprise audits are proven to fight fraud
Does your organization conduct surprise audits? A recent study found that companies without this antifraud control in place are at significantly higher risk for occupational theft and financial misstatement.
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How to use QuickBooks as a fraud detection tool
Many organizations use QuickBooks for everyday accounting tasks. But did you know that this software can also function as a fraud detection tool?
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Prevent fraud at your construction company with a holistic approach
Fraud is an ever-present threat for construction businesses, both in the office and on jobsites. That’s why contractors must leave no stone unturned when trying to prevent it.
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Why auditors prefer in-person interviews to assess fraud risks
Psychologists estimate that more than 90% of communication happens through tone of voice and body language. So, when evaluating fraud risks during an audit, a face-to-face interview is critical to help detect nonverbal cues.
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Commission fraud: When salespeople get paid more than they’ve earned
When structured and managed correctly, a commission program can boost employee compensation and morale. But it also can tempt salespeople to commit fraud. Here’s how to contain the threat.