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Calculating fraud damages isn’t as simple as it may seem

When businesses are defrauded, courts can — and in some states must — order restitution. But it isn’t always easy for judges to decide how much a company has lost. That’s where fraud experts can help.   Read More  >>

Antifraud checklist for construction companies

According to the Association of Certified Fraud Examiners’ Report to the Nations: 2018 Global Study on Occupational Fraud and Abuse, organizations victimized by fraud lose a median $130,000. But construction companies, in particular, are even harder hit, with a median loss of $227,000. What can you do to protect your construction business? Adopt this checklist.   Read More  >>

How experts use tax returns to find hidden assets

Business owners engaged in fraudulent activities often try to manipulate their companies’ financial statements. Fortunately for fraud experts, business owners’ tax returns aren’t as easy to misrepresent. Here’s how experts use them to locate hidden assets and income.   Read More  >>

How gift card scammers target companies — and what you can do

Gift cards offer businesses a convenient way to reward employees and thank customers. However, as the FBI recently warned, gift card scams specifically targeting companies are on the rise. Since January 2017, losses from such fraud schemes have surpassed $1 million. Here’s what you need to know to avoid being cheated.   Read More  >>

Striking a balance between fraud prevention and employee privacy

The expense of preventing fraud is minimal compared to the cost of cleaning up after fraud has been committed. One common fraud deterrent is to monitor employees on the job. But are you legally entitled to monitor employees? The answer is “sometimes.” One thing is certain: You must follow current employment law to the letter.   Read More  >>

How lifestyle analysis helps find the money

A business owner first became suspicious when one of her managers bought an expensive boat that seemed beyond his pay grade. A closer look at the employee and his department revealed sloppy record keeping and financial discrepancies. Was he stealing from the company?   Read More  >>

Skimming: Stealing a little off the top

Skimming is the theft of cash receipts. It occurs when an employee steals an incoming payment before it’s recorded on the books. Let’s look at how this fraud scheme works so you can prevent it from happening to your company.   Read More  >>

Know-your-customer programs aren’t just for banks

To help fight crime, including terrorism, money laundering and identity theft, federal laws and regulations require banks and other organizations to “know” their customers.   Read More  >>

Can you trust your business’s bookkeeper?

The bookkeeper is one of any company’s most trusted employees. Unfortunately, that trust isn’t always deserved. Bookkeepers — particularly those in small and midsize businesses — are ideally positioned to embezzle from their employers.   Read More  >>

Blockchain may soon drive business worldwide

“Blockchain” may sound like something that goes on a vehicle’s tires in icy weather or that perhaps is part of that vehicle’s engine. Indeed it is a type of technology that may help drive business worldwide at some point soon — but digitally, not physically. No matter what your industry, now’s a good time to start learning about blockchain.   Read More  >>