Posts Categorized: Focus on Fraud

Thoughts on Trust and Occupational Fraud in the Workplace

Trust is foundational to any relationship, both personally and professionally.  Trust is also something that needs to be nurtured over time, with the main ingredients being integrity, honesty and demonstration of respect.   Lack of trust in the workplace can lead to a culture of backstabbing and paranoid suspicion, and perhaps even to the demise of […]

Tone at the Top: Are you feeding your employees the right messages when it comes to fraud?

I recently heard a fable involving an elderly Native American warrior teaching a life lesson to his grandson. He said, “A fight is going on inside me.  It is a terrible fight and it is between two wolves. One is evil – he is anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, […]

Not-for-Profit Organizations Aren’t Exempt From Fraud

One requirement in the auditing standards is to ask our clients, point blank, if they are aware of any fraud within the company. This requirement is for all entities undergoing a financial statement audit, whether they are a large publicly traded corporation, a small family-owned business, or even a not-for-profit (NFP) organization. To me, the […]

Keeping sight of the big picture when it comes to fraud

Do you find that you sometimes get so bogged down in the details that you lose sight of the big picture? You know – not being able to see the forest for the trees. If you find yourself in that situation, one way out would be to borrow a concept from Stephen Covey’s 7 Habits […]

A lesson in cleaning your “accounting house”

This story, brought to us by irs.gov, illustrates a scheme that doesn’t often get a lot of attention, but it can provide fraudsters with an open door. In this case, the method used to cover up the fraud was to record automotive allowance payments to employees who were still listed as active in the accounting […]