Corporate

business fraud investigations

Prevent Employee Fraud and Theft with These 8 Tips

Have you ever been the victim of employee fraud or theft? If so, you are not alone. A significant percentage of business revenue is lost yearly to employee theft. This loss is more significant in smaller organizations and should be addressed as soon as possible to mitigate losses. A working environment that discourages fraud and theft is key, and can easily be achieved by following the 8 tips below:

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ethical leadership

Ethical Leadership in Business: How to Deal with Dilemmas

Remember Sherron Watkins? You might not. It?s been almost two decades since Watkins was the vice-president of corporate development at the disgraced Enron energy company, but today is most often referred to as its whistleblower. A certified public accountant with a master?s degree in professional accounting from the University of Texas, Watkins joined Enron after working for the poster child of accounting fraud, auditing firm Arthur Andersen, for eight years.

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financial fraud

Deception in Financial Statements

Financial statement fraud is the deliberate misrepresentation of the financial condition of an enterprise. Its intent is to deceive financial statements users (e.g., shareholders, creditors, regulators). It has many forms and guises, but is perpetrated through intentional misstatements or omissions of amounts in financial statements. It occurs in large publicly traded companies. It occurs in small family-owned firms.

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corporate private investigations

Why Your Business May Need a Private Investigator

Most people think that a business only needs a private investigator when something goes wrong. Some think that a private investigator is only hired for investigating personal matters such as infidelity or finding missing children. Private investigation services have evolved by quite a lot in the past decade. These days, more private investigators are working with businesses than investigating personal matters.

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fraud

Employees as First Line of Defense Against CEO Fraud

Alarming as this may sound, CEO fraud emails are becoming more common in recent times. Scams like these are often well-crafted and may sound legitimate; thus targeting employees that may not be too savvy with how the organization works. For this reason, employee education is of utmost importance to combat this type of fraud and when possible, mitigate risks and losses.

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