Fraud & Abuse

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,

… Read More

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

… Read More

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

… Read More

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

… Read More

Computer systems enable much greater productivity to workers today and are part of the business landscape, even in offices where transactions still involve paper. While billing and payment

… Read More

Almost everyday, our daily news uncovers another scenario of fraud connected to accounting operations. In fact, search your local newswire or the AR&O2C News and you will find that hardly a week

… Read More

An effective internal control system is more than a necessary evil required by internal or external auditors. It is simply good business. Why? An internal control system can help a company meet its

… Read More

Internal fraud can come in all sizes. It can range from an employee shaving a few dollars off the top of incoming deposits (and pocketing the cash) to multi-million-dollar schemes intended to defraud… Read More