The U.S. Securities and Exchange Commission (SEC) Whistleblower Program was created by the Dodd-Frank act of 2010 to combat fraud and protect investors. From …
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Fraud Prevention
Financial Crime Compliance Costs Surge in Wake of Global Pandemic
A Compliance Week article, “Study: Financial crime compliance costs top $42B in U.S./Canada,” reports statistics from a LexisNexis Risk Solutions study that …
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Time Theft and the Remote Workplace
Time theft is a very common form of fraud in the workplace. It is both discrete and easy for employees to justify, but this doesn’t make it any less of a …
Preventing the Perfect Storm: Minimizing the Risk of Fraud in a Turbulent Economy
With current high levels of economic uncertainty, we found it timely to discuss how struggling economies increase the risk of fraud. To investigate this concept …
Defining Features of an Effective Whistleblower Hotline
“Always on Duty,” by Kevin M. Alvero, CFE (Fraud Magazine January/February 2020), discusses key traits that make whistleblower hotlines effective for fraud …
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Prevention of Common Asset Misappropriation Schemes
According to the Association of Certified Fraud Examiners, asset misappropriation or theft is the most common type of fraud, accounting for 80% of all cases. …
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10 Ways Universities Can Commit to an Ethical Organizational Culture
By Rashmi Airan Note from Red Flag Reporting: This blog was reprinted with permission from Rashmi Airan, a Columbia Law School grad and a consultant …
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Calling All Auditors: COSO and Hotlines
Ever wonder how critical your hotline is? Here is what experts on COSO have to say about hotlines: Title: Leveraging COSO Across the Three Lines of …
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Lessons Learned from the City of Sacramento
We came across an article titled “When city workers request fraudulent reimbursements, it’s buyers beware,” by Graham Womack, published on www.newsreview.com. …
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Understanding Billing Scheme Frauds
A billing scheme is a fraud in which an employee causes the victim organization to issue fraudulent payments by submitting invoices for fictitious goods or …
The Dangers of Undue Influence
One of the most important things to do to protect your reputation when running an organization, no matter the goal of the organization, is to avoid giving or …
ACFE Releases Bi-Annual “Report to the Nations” on Fraud
Here is what we noticed The Association of Certified Fraud Examiners have just released a report detailing their extensive research into fraud. Breaking down …
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