U.S. anti-money laundering regulations are well-developed, and domestic coordination to prevent money laundering and terrorist financing is sophisticated and has improved over the past 10 years.
Do you know what steps your organization should take to guard against bribery and corruption schemes? Test your knowledge in this month’s Fraud IQ quiz.
These tips can help reduce risk and the amount spent on accounts payable functions.
Small and midsize companies can use these four ways to detect or prevent this fraud.
Developing a transparent anti-fraud culture and conducting periodic risk assessments are important steps for organizations in deterring fraud.
How well do you know how to develop an employee handbook that lays the foundation for effective fraud-reduction efforts? Test your knowledge in this month’s quiz.
International efforts to deter financial crime rely on CPAs to be vigilant and perform critical roles.
Andrew Mintzer, CPA/CFF, CGMA, a principal in the forensic and financial accounting services group at Hemming Morse LLP in Los Angeles, says auditors may detect material misstatements caused by fraud if they keep asking questions when they find that things don’t look right.
All organizations issue payments for expenditures, whether inventory purchases, repairs and maintenance expenses, utilities, or contract services. How well do you know the warning signs and preventive strategies for check and electronic payment tampering? Test your knowledge in this month’s interactive quiz.
The audit committee plays a pivotal role in helping to stop or reverse the rise in reported fraud incidents.
Fraud costs the typical organization about 5% of revenues in a given year, according to a study released by the Association of Certified Fraud Examiners.
How well do you know the characteristics and red flags for travel and entertainment (T&E) expense reimbursement fraud? Test your knowledge in this month’s Fraud IQ quiz.
In a change of policy, the IRS announced procedures for victims of tax ID theft or their authorized representative to request copies of bogus returns filed by identity thieves.
This review of recent fraud research covers such topics as auditor skepticism toward earnings reports, the effect of lawsuits on audit quality, the influence of incentives on whistleblowing, and more.
For most CPAs, a lunch with clients is hardly a life-threatening experience. It’s different when you’re an undercover FBI agent posing as an accountant whose clients are mob bosses.
Nonfinancial data can be just as important as dollars and cents when detecting fraud.
How well do you know the types of schemes perpetrated by scammers and con artists? Test your knowledge in this month’s Fraud IQ quiz.
Knowing whom to question and how to go about it in a fraud investigation can save money and time. This article shows how to make the most of interviewing in fraud engagements.
In the 2013 filing season, the IRS identified 4.1 million fraudulent returns involving identity theft.
Many reported it was difficult or very difficult to resolve the issue with the IRS, echoing recent findings by the Taxpayer Advocate Service.