Elder financial abuse: A true cautionary tale
CPAs providing services to elderly individuals play a role in protecting their clients from financial exploitation.
Fraud
Fraud risk applies to all CPA firm services
Regardless of the services they provide, CPAs can face professional liability claims asserting that they failed to detect a theft or fraud at a client organization.
What’s your fraud IQ?
Can you spot the red flags of an invoice scam? Test your knowledge in this month’s quiz.
Using Benford’s Law to reveal journal entry irregularities
Benford’s Law can help uncover indicators of fraud — and anomalies that arise from legitimate business practices.
Fraud is suspected: Now what?
Follow these do’s and don’ts for auditors when potential wrongdoing surfaces.
From the archives: Lessons learned after a multibillion-dollar fraud
Aaron Beam, the former CFO at HealthSouth, discusses his tenure at the company and offers advice for professionals about fraud in this podcast episode with transcript from a 2018 conversation.
4 tactics for effective money-laundering compliance
Guarding against money laundering is becoming increasingly challenging. These tips can help.
What’s your fraud IQ?
This month: Test your knowledge of the warning signs of investment scams.
How to keep Ukraine donations safe from fraudsters
Taking the time to research charities can help donors make certain that their donations are being used for the intended purpose.
What’s your fraud IQ?
See how much you know about these red flags.
Mitigating the new fraud realities
A report from the Anti-Fraud Collaboration explores SEC findings to highlight the causes of fraud — and how finance professionals can stop it.
Quiz: Check your knowledge of fraud considerations in an audit
How familiar are you with AU-C Section 240, which describes an auditor’s responsibilities relating to fraud in an audit of financial statements? Take this quiz to test what you know.
Diving deeper into smaller frauds due to COVID-19
The coronavirus pandemic has created special challenges for practitioners to consider related to fraud. In the current environment, smaller instances of fraud, many times immaterial to an audit, are now becoming significant and need additional attention.
When seniors are targeted in schemes
Practitioners need to understand elder fraud and what to do when they find it.
What organizations need to know about unemployment fraud
Employers should be alert for fake claims amid a boom in fraudulent schemes.
6 ways to make the entire organization care about anti-fraud efforts
Recent conference speaker John Hall, CPA, discusses tangible steps to build a “defensive wall” against fraud and ethics breaches.
Fraud advice and more on the value of client advisory services
A fraud expert shares advice for businesses on segregation of duties, unintended consequences of pandemic-related relief, and more.
Fighting fraud with business continuity planning
Preparation may be the best defense against fraud when disaster strikes.
How a church can prevent fraud without compromising its values
Religious organizations are vulnerable to fraud precisely because of the tenets of trust and forgiveness that define them, and the pandemic has led to increased risks. CPAs are in a position to advise churches on steps they can take to reduce fraud risk without compromising their principles.
Staying vigilant against fraud during the pandemic
Internal controls need to be front and center, as the COVID-19 crisis has increased the incentive and opportunity for fraud.
