Ultimately, a monitor should benefit the company, its employees, shareholders, and the public by effectively furthering the goal of preventing and detecting future misconduct.» Read More
IIA you Awarded Winning Article
The treasurer of one of the largest oil companies in the United States recently learned the internal controls over the initiation of wire transfers were
At a minimum, as part of (emphasis added) your overall fraud risk management program, the following key processes/functions should be analyzed along with the embedded (key) internal controls,
I am pleased to announce the next offering of my Doing Compliance Master Class. I am partnering with Baker Tilly Virchow Krause, LLP, to put on a two-day class
Baker Tilly Media Relations
Marks brings over 30 years of forensic accounting, investigations, governance, risk management and compliance experience to one of
Knowing who you conduct business within your supply chain is a very good if not leading business practice. Many organizations are being held responsible for the actions of their business
At some point it appears there was a human behavior theory that was possibly applied to fraud risk management and the 10-80-10 Rule to Ethics was born.
This theory is based on the assumption that 10 percent of the people are ethical all of the time, 80 percent could behave unethically depending on the situation or the pressure(s) being applied, and 10 percent have no or a severely broken moral compass and will pounce on opportunities to commit fraud.» Read More
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.» Read More
Boards and Audit Committee members this is a public service announcement.
You should be really digging in and asking why an investigation was shut down.
That is all!
The IIA Philadlephia is proud to announce the addition of Chelsea Binns, PhD, Assistant Professor at John Jay College of Criminal Justice, to its line up of presenters at the
According to the SEC’s order, United Technologies, a Delaware corporation that was founded in 1934 and is headquartered in Farmington, Connecticut, subsidiary Otis Elevator Co., who manufactures and maintains
When fighting fraud, many ignore the human element, and that’s a mistake. While we can’t get into the mind of the white-collar criminal, we can take a closer look at
Many companies have an idea, albeit vague, about ERM or enterprise risk management. But few have made real progress in planning or actual implementation. What is the holdup? A practical five-step approach can help companies get their arms around ERM … and begin to realize the benefits of integrated risk management, including escalating the right risks to the right people in a timely manner, and as a result, drive meaningful conversations with leaders to inform decision-making.» Read More
USA v. Lawrence Hoskins – Docket No. 16-1010-cr
Lawrence Hoskins, now age 67, is a British national and former Alstom Senior Vice President for the Asia Region, purportedly based in
In the forensics world we always strive to eliminate any debate about our findings not being grounded in the evidence. Therefore, the integrity and trustworthiness of the data provides a
“The act” of fraud typically involves not only the execution of the scheme itself, but also efforts by the fraudster to deliberately suppress or conceal their bad behavior and then
Compliance officers talk about controls constantly. Effective controls are the lifeblood of what makes a compliance program work. Most of us can rattle off examples of controls, or recognize a control when we see one.
So my fellow speaker asked the audience: What is a control?
Nobody dared answer. We all, me included, were suddenly uncertain that we could define a control correctly.
The speaker who posed this question is Jonathan T. Marks, partner at Baker Tilly and a prolific thinker on all things forensics, audit, and internal control. Lately Marks has been asking audit and compliance audiences to define a control — and to his dismay, most people can’t.
Read Marks’ definition of internal control.» Read More
The Fraud Triangle is tried and true, but we might need more to understand our cases. The authors describe a “meta-model of fraud” that combines the “why-based” Fraud Triangle with the “what-based” Triangle of Fraud Action to better explain fraud cases. We might never know exactly why fraudsters commit crimes, but we can always gather facts and evidence to help prevent and deter fraud.» Read More
Love it or hate it, from what I have experienced and read, whistleblowers and their “tips” are one of the most, if not the most important sources for uncovering
Why do due diligence? The “knowing” standard of the US Foreign Corrupt Practices Act (FCPA) makes a company equally liable whether an improper payment is made to a “Foreign Official”¹ directly or through a third-party, such as an agent, distributor, reseller, or sub-contractor. To minimize their exposure to potential sanction under anti-bribery and corruption regulations such as the FCPA, companies need to apply appropriate due diligence, taking a proportionate and risk-based approach.
Potential due diligence efforts include direct requests for details on the background, expertise, and business experience, of relevant individuals. It is also important to know whether you are dealing with a Politically Exposed Person (PEP) or a State Owned Enterprise (SOE).
For those of you that know me or have been a student of mine know that I continuously rant about knowing and understanding the client’s business to intelligently comprehend
Wednesday, March 28, 2018
Registration: 7:45 am – 8:15 am
Program: 8:15 am – 10:00 am
Hard Rock Cafe
1113-31 Market Street
January 11, 2011
Note: The draft guidance is not prescriptive and does not detail specific anti-bribery measures, but instead adopts a principles-based approach, which is intended to be used