Tags » Internal Controls

Do you like searching for Pokemon or for Fraud?

Do you like searching for Pokemon?  How could that translate to your future career?  Would you like to search for fraud?  Great internal controls help to eradicate fraud, each business owner needs to develop their internal controls in a manner that stays on the look out for the points of the famous “fraud triangle”. 106 more words


Jail for Officers' Alleged Failure to Ensure Food Product Safety

The new Eighth Circuit decision in U.S. v. DeCoster, discussing the responsible corporate officer doctrine, is an important case for corporate officers, managing agents and board members as the Eighth Circuit upheld jail time for the corporate officers’ alleged failure to ensure the safety of food that was sold to the public (i.e., egg safety, and salmonella). 196 more words

Are you taking steps to prevent fraud in your business?

The 2016 Global Fraud Study released recently by the Association of Certified Fraud Examiners shows that asset misappropriation occurred in more than 83% of the cases reported. 65 more words

Internal Controls over IT

The new Indian Companies Act 2013 requires auditors to report on Internal Financial Controls and the effectiveness of such controls for both listed and unlisted companies.   57 more words


GAO - A Framework for Managing Fraud Risks in Federal Programs

A friend forwarded this to me – the GAO July 2015, materials “A Framework for Managing Fraud Risks in Federal Programs.” If you, and your executive officers, board and audit and risk committees are not up on these materials, and if you have involvement in federal programs or funding, now would be a good time to read this. 55 more words

Fraud is Everywhere—Is Your Business Next?

“It can’t happen here.”

“My employees would never steal from me.”

“I would know if something was going on.”

These are just some of the mindsets that organizations have had before falling victim to fraud. 450 more words

Forensic Accounting