Fraud: The 15 Biggest Risks for 2013

(Excerpt from full article) by Gary Zeune, CPA, Managing Director, The Pros & The Cons Most risk is not in the accounting records. Why not? Because the vast majority of our work as CPAs involves monetizing and measuring activities that have already occurred. So the risk starts before we do our job. Think recording sales, … Continue reading

Reducing Fraud With Technology

Introduction The statistics are everywhere and they are startling – fraud continues to run at epidemic levels, not only in the United States, but also across virtually all countries. In fact, according to the Association of Certified Fraud Examiners 2012 Report to the Nations on Occupational Fraud and Abuse, the typical organization loses approximately 5% … Continue reading

Occupational Fraud in an Economic Downturn

Fraud on the Rise In early 2009, a Deloitte survey found that two-thirds of 1,280 financial services and technology executives expected to see more instances of accounting fraud.  Fraud tends to increase in an economic downturn because the forces of the economy cause people to react in ways they would have never imagined, observes Gary … Continue reading