Fraud & Abuse

Internal controls are an essential failsafe for any organization regardless of size or complexity, as they promote timely and accurate financial information that is free from irregularities or errors… Read More

As e-mail and other forms of electronic communication have become ubiquitous in the business world, it is easy for AR and credit professionals to forget that the exchange of credit information is

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Internal controls for a company's billing process have as their objective the accuracy of billing data, prevention of errors or irregularities, timely processing, separation of duties, and detection… Read More

The passage of the Sarbanes-Oxley Act has brought the issue of fiscal responsibility back to the top of the financial professional’s mind. News headlines have highlighted the financial misdeeds in

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As the following stories amply reveal, AR and credit managers are regularly exposed to a wide range of finance and accounting fraud. These schemes can range from the creation of false invoices or… Read More

Fraud is a universal and expensive problem. An average organization's fraud losses amount to five percent of annual revenue, according to the Association of Certified Fraud Examiners' (ACFE) most… Read More

There are few things as crippling for a company as having its name smeared across the front page with allegations of fraud. 2012 certainly saw its fair share of smearing. News of larceny,

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Fraud Prevention Checklist1 The most cost-effective way to limit fraud losses is to prevent fraud from occurring. The Association of Certified Fraud Examiners prepared the following fraud prevention

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Since the Sarbanes-Oxley Act (SOX) that imposed strict regulations and reporting requirements on publically-held companies was introduced in 2002, internal auditors' roles have shifted from record

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As the economic hard times continue, the effect on business culture will be important to watch. The Ethics Resource Center recently released its 2009 National Business Ethics Survey: Ethics in the

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