Forensic Audits vs. Annual Audits: Taking a Proactive Approach to Protecting Your Business

Forensic audit seems to be a buzzword that is circling in today’s business environment. “We need a forensic audit!” or, “Why didn’t our annual audit catch this?” are some common phrases that forensic and fraud audit professionals hear quite often. There are also many misconceptions surrounding forensic audits and how they differ from an organization’s [...]

2021-08-13T07:46:50-05:00February 27th, 2020|FORENSICS|

5 Questions to Help Assess Your Business’s Fraud Risk

Business leaders spend most of their time and energy assessing risks and weighing them against possible rewards. Unfortunately, many leaders overlook one of the most common challenges facing businesses today — the risk of occupational fraud. To build a successful business that stands above its competition, you need a solid foundation of controls to deter [...]

2020-11-12T15:44:33-06:00May 6th, 2019|FORENSICS|

Top 10 Employee Fraud Myths and How They Put Small Businesses at Risk

Employee fraud is never an easy topic to discuss, but it’s especially hard to talk about with the owners of small businesses, where employees often feel more like family. While it’s counterproductive to spend every day looking at your employees and wondering who is stealing from you, implementing checks and balances on your employees can [...]

2018-11-29T15:59:36-06:00November 15th, 2018|FORENSICS|

8 Steps for Cleaning Up a Tax Return Identity Theft Train Wreck

When it comes to stealing individuals’ identities, criminals get more creative every day. Several clients have called us recently as they have received IRS letters asking questions regarding tax returns that they didn’t file. It usually turns out that a thief has stolen these clients’ identities and used the information to file fraudulent income tax [...]

2018-11-12T15:51:15-06:00August 1st, 2015|FORENSICS|

Unearthing Occupational Fraud in Your Business

Fraud examiners are acutely aware of the potential threats that can wreak havoc on different businesses. More importantly, they are familiar with warning signs and act quickly to prevent further damage. Businesses also have natural enemies – often times these enemies are employees that commit occupational fraud. 3 Main Categories of Occupational Fraud The Association of [...]

2018-11-12T15:51:43-06:00May 25th, 2015|FORENSICS|

Watch for These 3 Signs of Employee Fraud

Employee fraud almost always exhibits red flags. Sometimes those red flags go unnoticed, but that does not have to be the case. Individuals with fiduciary responsibilities can learn to recognize some of the common red flags that may indicate fraud. Reading Potential Red Flags Large Items in Account Reconciliations First, account reconciliations can reveal red [...]

2018-11-12T15:51:53-06:00April 24th, 2015|FORENSICS|