Category Archives: Fraud Prevention

Congratulations to Blake Miller, CFE

By: Emily Gardiner, Marketing Manager  |  email           This past April, one of our firms Senior Accountants, Blake Miller, passed his Certified Fraud Examiners (CFE) test. Blake is a CPA who works out of our Des Moines office and has been with the firm since 2011. The CFE credentials denote an […]

Accessing the NetClient Portal at GardinerCPA.com

Gardiner Thomsen understands how important security is to you, which is why we have recently put into place a new method of exchanging important documents and secure data with our clients. We recently released an article explaining how this works but we want to make sure you know where to access the login to ensure that this is user friendly for everyone.

Fraud Risk Self Assessment-Good Yes/No Questions to Ask Yourself

1. Does the person who handles incoming cash receipts also record transactions?

2. Is a cash register used in the business?

3. Is a bank lockbox used for processing customer payments?

4. Are deposits made daily and secured prior to depositing in a safe?

Cyber Liability and Crime: Are You At Risk?

In todays always-online, technology-driven business environment, keeping information secure is more important than ever before. This is especially true for any business that holds the personal information of their employees and patrons in their systems. Businesses need to be concerned with the security of their computer networks as well as the record keeping policies and procedures that employees must follow.

The Threat of Occupational Fraud is Universal

Occupational fraud is a scheme in which an employee abuses the trust placed in him or her by an employer for personal gain. Its formal definition is: The use of one’s occupation for personal enrichment through the deliberate misuse or misapplication of the employing organization’s resources or assets.

Fraud Controls Lacking at Organizations with Fewer than 100 Employees

Organizations with fewer than 100 employees significantly trail their counterparts in the implementation of formal antifraud controls, according to a worldwide survey by the Association of Certified Fraud Examiners (ACFE).  Antifraud experts say formal controls can help small businesses prevent and detect instances of fraud that, left undiscovered, could lead to costly losses and possibly […]

Mark Gardiner is a Certified Fraud Examiner!

This past April, firm partner Mark Gardiner became a Certified Fraud Examiner (CFE). The CFE credential denotes proven expertise in fraud prevention, detection and deterrence. There is a complex and unique skill set involved in the CFE designation; CFE’s are trained to identify the warning signs and red flags that indicate evidence of fraud and fraud risk by combining knowledge of complex financial transactions with an understanding of methods, law and how to resolve allegations of fraud. CFE’s around the world work to help protect the global economy by not only uncovering fraud, by implementing processes that work to prevent fraud from originating.

Filing Requirements and Sales/Use Tax

Recent surveys indicate that individuals and businesses purchasing goods over the internet are not properly remitting sales or use tax, many times in violation of state law (the estimated non-compliance rate in California was greater than 98%).

Fraud Prevention – Has it Worked?

It’s been close to a decade since the high profile fraud incidents at Enron, WorldCom, and Adelphia took place, and the antifraud provisions of the Sarbanes-Oxley Act of 2002 were enacted. We’ve seen additional legislation enacted recently in the Dodd-Frank Wall Street Reform and Consumer Protection Act. So, is corporate fraud under control as a result?