Divorcing spouses, business partners at odds, and fraud perpetrators often hide assets to obstruct fair distribution and perhaps hide gains from fraudulent activities. In these cases, sociological information from a
Fraud remains a potential threat within organizations, irrespective of their size. However, small businesses, particularly those just starting out, face unique risks due to expensive fraud-prevention programs. Fortunately, there are
With the implementation of the Corporate Transparency Act on January 1, 2024, companies are now mandated to disclose information about their ultimate beneficial owners to the U.S. government. However, this
Organizations lose millions annually to vendor fraud—a complex issue involving collusion among suppliers and employees. Small businesses without robust antifraud tools are especially at risk. Learn what vendor fraud entails
If business owners and executives regularly analyze risk, they can better understand and manage the likelihood and potential impact of fraud. Generally, inherent and residual are the two types of
Many companies use surveillance to monitor their employees at work, but they often don’t tell them. This might not be a good idea because when employees know they’re being observed,
While most tax preparers are honest and make sure their clients file their taxes timely and correctly, there are some who take advantage of their clients’ trust. These dishonest preparers
Some businesses are now once again requiring employees to work in-office full-time, and many others continue allowing employees to work remotely one or more days per week. Remote positions remain
Occupational fraud risk varies by business sector and some industries, such as construction, real estate, manufacturing, and transportation, are more vulnerable to employee theft, according to the Association of Certified
Small, family-run businesses often rely on trust as a core principle, especially when multiple family members are part of the operation. You might have confidence in any team member to
