Fraud and Related Party Transactions

Related party transactions could be a “red flag“, and must be evaluated with the proper skepticism! Perceived opportunities to commit

Continue reading

Corporate Governance – Commonsense Principles 2.0

Corporate governance is the collection of systems and processes that an organization has in place to prevent or dissuade potentially self-interested persons from engaging in activities detrimental to the welfare of shareholders and stakeholders and helps to promote better overall decision making.

Compliance Thought Leaders You Should Be Following

Compiling a list of thought leaders in ethics and compliance is fun, but so challenging. There are simply too many thoughtful people in this field — which is itself enormous and wide-ranging — to call out everyone worth following. So below is a small slice of the thinkers in corporate ethics and compliance that I try to follow.

Today’s General Counsel: White Collar Crooks Share Certain Characteristics

October 17, 2018, Today’s General Counsel It’s a mistake to ignore the human element when fighting fraud within a corporation.

Continue reading

Speaking and Training on Fraud, Ethics, and More…

Best in class fraud and ethics training customized for you and your organization.

DOJ Refines Monitorship Policies

Ultimately, a monitor should benefit the company, its employees, shareholders, and the public by effectively furthering the goal of preventing and detecting future misconduct.

Fraud Tip Friday: How Tight is Your Grip on Cash?

The treasurer of one of the largest oil companies in the United States recently learned the internal controls over the

Continue reading

FCPA – Cash, Bribes, and the “Four Eyes Principle”

At a minimum, as part of (emphasis added) your overall fraud risk management program, the following key processes/functions should be

Continue reading

Registration is Now Open – Class Size is Limited! Doing Compliance Master Class Training with Tom Fox will be held in New York City on November 12-13 (Two Days), 2018.

I am pleased to announce the next offering of my Doing Compliance Master Class. I am partnering with Baker Tilly

Continue reading

News Release: Baker Tilly Strengthens Growing Forensic Litigation Valuation Services Practice with Addition of Industry Leader Jonathan T. Marks

Contacts: Kendra Klossner Baker Tilly Media Relations kendra.klossner@bakertilly.compress@bakertilly.com (703) 923-8627 Marks brings over 30 years of forensic accounting, investigations, governance,

Continue reading

FCPA Settlement – Petrobras Board Involved

The Department of Justice (DOJ) said in a release, “Executives at the highest levels of Petrobras — including members of its

Continue reading

Third Party Red Flags

Knowing who you conduct business within your supply chain is a very good if not leading business practice. Many organizations

Continue reading

Perfect Place Syndrome and the 10-80-10 Rule to Ethics

Time and again I hear “there is no fraud here…we have great controls and an excellent culture…” If you are

Continue reading

Putting the Freud in Fraud – Part Two

While we can’t get into the mind of the white collar criminal, we can take a closer look at high-profile individuals who have perpetrated massive fraud at corporations and instances of fraud identified in practice, as well as some research, to help is identify a pattern of similar behavioral elements common to white-collar crooks and cultural elements common to their environments.

The Fraud Pentagon – An Enhancement to the Three Elements of Fraud

Today’s fraudster is clever and operates in an environment ripe for criminal activity. Economic unrest
is making it easier for employees to find ways to set fraud in motion – and a new breed of offenders is finding cunning ways to do so. After more than 60 years, the classic fraud triangle of three elements or events that motivate an employee to cross the line has morphed into The Fraud Pentagon.

Company boards and senior management must take an offensive stance against the five conditions that precipitate fraud with
a clear plan that limits the opportunity for fraud and minimizes the impact when fraud does occur.

2019 IIA Philadelphia Fraud Symposium – Update

The IIA Philadlephia is proud to announce the addition of Chelsea Binns, PhD, Assistant Professor at John Jay College of

Continue reading