Managing Fraud Risk Through Strong Governance

Posted September 9th, 2020 & filed under Blog.

The Association of Certified Fraud Examiners estimates that fraud costs organizations, on average, 5% of their annual revenue. Globally, that’s more than $4.5 trillion lost each year. This is a huge problem for all manner of organizations,

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COVID-19 Related Fraud Schemes

Posted April 23rd, 2020 & filed under Blog.

The coronavirus pandemic has given rise to a host of fraud schemes attempting to profit off the crisis. According to the Federal Trade Commission (FTC), consumer complaints for COVID-19 related scams topped 7,800 in early April,

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Occupational Fraud at Not-for-Profits: Red Flags and Preventative Steps

Posted November 11th, 2019 & filed under Blog.

As we approach International Fraud Awareness Week (November 17-23, 2019), it is a great time to review the basics of occupational fraud and why fraud awareness is especially important for not-for-profits.

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Bad Actors and Charities Are a Bad Mix: What the Form 990 Can Tell Us About the College Admissions Scandal

Posted April 4th, 2019 & filed under Blog.

The Key Worldwide Foundation, formed in 2013, now finds itself at the center of the college admissions scandal grabbing headlines the last couple weeks. Over the years, millions of dollars had flowed through the charity as part of the scheme without IRS detection.

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Data Mining and Procurement Cards: Using Technology to Reduce Risk

Posted January 4th, 2018 & filed under Blog.

I recently attended a training that discussed procurement cards—both their increased popularity and the risks associated with using them.

During the training, I shared that we have been using technology to help mitigate these risks.

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