By: Mark Gardiner, Partner, CPA, CFE The Association of Certified Fraud Examiners released their 2022 edition of the Report to the Nations fraud study last spring. This study contains over 2,110 cases of occupational fraud that were investigated between January 2020 and September 2021. This study published each year by the Association of Certified Fraud...
keep readingThis June, I spent a week in Nashville, Tennessee attending the Annual Certified Fraud Examiner Conference. I’ve attended the majority of these throughout the years, as it’s a great way to pick up continuing education hours, network, and listen to numerous speakers on a wide array of fraud topics. This year, there were over 3,000...
keep readingAbout two months ago, the FBI’s cyber division issued an alert for the food and agriculture sector stating that, “ransomware actors may be more likely to attack agricultural cooperatives during the critical planting and harvest seasons” like the early spring and fall. Were you aware of this alert? Are you prepared to handle a cyberattack...
keep readingBy: Matt Gardiner, CPA CFE Whistleblower hotlines are the most effective way to enable staff, customers, and vendors to report fraud and unethical activities occurring at your organization. Historically, this has meant maintaining an actual telephone line where whistleblowers could call in tips, however over the last few years these hotlines have evolved to include...
keep readingA common struggle for many small to medium sized entities is sufficiently segregating duties related to the accounting process to avoid a potential risk of fraud. It is important to segregate the duties of staff to reduce the likelihood that a single individual has complete control over a process or an asset which could expose...
keep readingHow often does your company update its approved vendor list? If you are unsure, it is probably a good time to revisit and clean up your listing. The master vendor file within your accounting system determines which vendors and customers your company has vetted to do business with. Without periodic review, it is easy for...
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