I’m often am asked what can be done to make a fraud risk management program better, assuming one exists. In
Related party transactions could be a “red flag“, and must be evaluated with the proper skepticism! Perceived opportunities to commit
Tomorrow I get to do something I love – teach! I will be teaching fraud and forensics to a graduate
I have spoken with many board members and attended many meetings over the years, and I am amazed at how
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.
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.
October 17, 2018, Today’s General Counsel It’s a mistake to ignore the human element when fighting fraud within a corporation.
Best in class fraud and ethics training customized for you and your organization.
Ultimately, a monitor should benefit the company, its employees, shareholders, and the public by effectively furthering the goal of preventing and detecting future misconduct.
The treasurer of one of the largest oil companies in the United States recently learned the internal controls over the
At a minimum, as part of (emphasis added) your overall fraud risk management program, the following key processes/functions should be
I am pleased to announce the next offering of my Doing Compliance Master Class. I am partnering with Baker Tilly
Contacts: Kendra Klossner Baker Tilly Media Relations email@example.com@bakertilly.com (703) 923-8627 Marks brings over 30 years of forensic accounting, investigations, governance,
The Department of Justice (DOJ) said in a release, “Executives at the highest levels of Petrobras — including members of its
Knowing who you conduct business within your supply chain is a very good if not leading business practice. Many organizations
Time and again I hear “there is no fraud here…we have great controls and an excellent culture…” If you are
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.
Boards and Audit Committee members this is a public service announcement. You should be really digging in and asking why
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.
The IIA Philadlephia is proud to announce the addition of Chelsea Binns, PhD, Assistant Professor at John Jay College of