More Stories About Russians

The news media seems obsessed with Russians.  Whether it is their involvement in the election, relationship with Donald Trump, or assassinating ex-spies, there doesn’t seem to be a day without some scandal involving the Russians.  On April 16th the United States Computer Emergency Readiness Team (US-CERT), a part of the Department of Homeland Security, released… Read more »

Don’t let the Grinch Stop the Giving | Tips for Giving Safe & Smart

The official passing of Black Friday and Cyber Monday brings the dawn of Giving Tuesday. Here are a few tips for giving safe & smart this holiday season. Verify the charity An organization for whom you regularly donate may request a special donation this season. These requests can come in all forms and fashions. For those… Read more »

Do Not-for-Profits Need to Budget for Fraud?

Can your not-for-profit organization afford to lose around $82,000 due to fraud this year? That was the median loss found by the Association of Certified Fraud Examiners’ 2016 Report to the Nations on Occupational Fraud and Abuse when studying cases within the industries of religion, charity, and social services. I have the feeling that wasn’t… Read more »

The Importance of Segregating Duties

Small and medium-sized companies are particularly prone to employee theft because they typically don’t have the staff available to assign more than one employee to processes to help ensure that fraud doesn’t take place. Assigning more than one employee to certain tasks, also known as segregating duties, is one of the primary tactics that companies can… Read more »

Passwords: A Fortress to Keep Unauthorized People Out

Having a strong password associated with your QuickBooks file is important for two reasons: 1. It will help keep external hackers from accessing your financial information. 2. It will keep internal staff members from accessing information. It’s easy to get your head around number 1 but what about number 2? Yes, there are those rare times… Read more »

Intellectual Property Breaches: Quantifying Damages

Many of today’s largest and most profitable companies owe much of their financial success to intellectual property, such as patents, copyrights, trademarks and trade secrets. Federal laws protect intellectual property right and allow the owners of the intellectual property to profit exclusively from their ideas. Four Panduit Factors What happens if an individual or company steals… Read more »

How the Risk of Detection Reduces Fraud

Do your employees feel like they’re being watched? If they don’t, they may be emboldened to steal. In the same way that putting more police officers on the street tends to reduce crime, making your company’s anti-fraud activities more visible can discourage fraud perpetrators. Good internal controls are critical to preventing fraud. But many companies… Read more »

Road to Becoming a CFE

It seems like a long time ago, but my road to becoming a CFE started when I was in high school. The only thing I really cared about then was playing soccer. Soccer was my life and I accepted that. Sad to say I couldn’t play soccer throughout the school day or my life would… Read more »