Fraud

How To Reduce Accounts Receivable Fraud Risk

One of the most common routes for occupational fraud perpetrators runs through the accounts receivable department. Unless you’re aware of these accounts receivable fraud schemes and take steps to prevent them, your business could face serious financial losses. Creative misappropriation in accounts receivable Account receivables fraud occurs when dishonest employees divert customer payments for their […]

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Making an estate plan? How to avoid fraud & fraudulent transfers

If you have an estate plan and also have creditors, you could be a fraud perpetrator — without knowing it or intending to defraud anyone. In some circumstances, creditors can challenge gifts, trusts, and other strategies for leaving assets to heirs as fraudulent transfers. Here’s how to keep your estate plan from running into trouble. […]

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Put employees to work fighting fraud

You may have the best internal controls in the business world, but if your employees don’t follow them, your company is at serious risk for fraud. The same is true if workers aren’t aware of your company’s risks and can’t recognize red flags. The solution? Educate them on how to fight fraud. Training is critical […]

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Make your fraud contingency plan a blueprint for swift action

Over the past year, most businesses have been forced to contend with multiple crises, including COVID-19, social unrest and financial challenges. The last thing you need right now is a fraud incident. But if your company is defrauded, you can help mitigate the damage with a fraud contingency plan. Identifying likely scenarios No contingency plan […]

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New year, New fraud to watch out for

Whew, you made it through 2020! But don’t rest easy yet. Unfortunately, fraud perpetrators enjoyed a profitable year, and there are signs they may continue to feed off Americans as long as the pandemic is active. Here are several scams and fraud to watch for in 2021. PPP fraud Struggling small-business owners have welcomed last […]

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