Fraud & Abuse

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Fraud and theft are possible in every company because most firms don’t think it will happen to them. No one is looking for signs something is wrong. But it does happen. A study done at a time when

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Ray Podraza, Bank of America, offers a checklist of steps that help to prevent both check and electronic fraud. Convert payments to ACH and other electronic methods Separate accounts for electronic

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Did you know that audit confirmation letters pose a risk to your company if they are not handled properly? The Security and Exchange Commission (SEC), requires auditors to send out audit confirmation

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Increasingly, organizations are turning to mobile technology to transfer company fls or share documents among employees from anywhere in the world. Yet mobile device use has been cited as one of the

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"The number of embezzlements occurring in businesses today is staggering – and even more so when you consider that only one out of nine cases is publicized," says Stephen Pedneault, principal of… Read More

David A. Brookmire, president Corporate Performance Strategies The implementation of Sarbanes-Oxley Act to date has been the primary responsibility of the finance function to implement and monitor.

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It seems like the fraudsters are getting more and more brazen every day. Copying or altering checks is no longer enough for them – they have graduated to stealing an organization's user IDs and

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By Pam Miller, APMD Every time you see a headline about an employee who has stolen thousands of dollars from an employer, it invariably involves a so-called “trusted” employee who has been given

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One of the most frequent concerns senior management has about instituting a p-card program is that the cards can conceivably put the organization at risk for financial loss in the event of fraud.This

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Current UCC Codes outline specific check fraud responsibilities for banks and corporations. Court decisions have established guidelines for legal responsibilities, and failure to meet these

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