filed in Fraud on Nov.03, 2009
As a Certified Fraud Examiner (CFE) and auditor, I am constantly mindful of fraud. How can it happen, how can it be prevented, how can it be detected… Despite my interest in this topic, I am always surprised to talk to managers and board members within nonprofit organizations that do not consider fraud to be [...]
filed in Fraud on Oct.27, 2009
Do you think you would notice if someone was padding their payroll within your organization? What if that person added a friend to the payroll that never worked there? I recently read an article in the Phoenix Business Journal about a woman who allegedly paid herself an extra million dollars over the course of 8 [...]
filed in Fraud on Oct.13, 2009
Has your organization had to do a layoff for furlough due to the current state of the economy? It’s not uncommon for many organizations to deal with unstable times through some type of workforce reduction. While reducing your workforce will save money in employee salaries and benefits, it’s essential that organizations assess their current state [...]
filed in Fraud on Sep.29, 2009
Most businesses know that segregation of duties is an essential internal control within the accounting function. So, normally, the person with check signing authority is someone different from the person generating the checks within the accounting program. But this example of segregation of duties only works well if the check signer provides the necessary oversight [...]
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