Fraud Prevention

Tips on Detecting and Preventing Employee Fraud

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Understanding the methods of how employee fraud is detected can help you in taking the necessary steps to minimize your risk and protect your organization. In this podcast, we discuss active and passive methods of detecting employee fraud as well as common behavioral red flags that organizations should be aware of.

The Nonprofit Tale of Fraud, Prevention, and the Examiner’s Perspective

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For any nonprofit organization, uncovering fraud long after the fact can be a disappointing ending to what could have been a great story. Just take it from T&T Senior Audit Manager, John Kubichek who comes across fraud more often than he’d like. In this article, John shares his perspectives on how nonprofits can take a more proactive approach to fraud prevention and protecting their assets and mission.

Where Should Your Nonprofit Be Taking a Second Look?

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Check out “10 Things Keeping Internal Audit Up at Night,” so you know where you should be taking a Second Look. Don’t hesitate to contact Tate & Tryon’s Outsourced Internal Audit experts to develop a plan that’s right for you. Outsourced Internal Audit Services for nonprofits is a cost-effective way to safeguard […]

Case Study: How to Protect From Internal Fraud

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The Challenge
According to a 2016 study by the Association of Certified Fraud Examiners (ACFE), organizations lost $3.7 trillion worldwide due to fraud. Effective fraud monitoring is a key management responsibility for future financial security.
Recently, Tate & Tryon’s team of Certified Fraud Examiners were called in during typical internal audit engagement to help one of our […]

New Email Scam Targets Payroll Information at Nonprofit Organizations

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By: Christian Spencer, CPA, Partner
During 2016 a large number of nonprofit organizations received fraudulent e-mail requests to wire funds to fictitious vendors or to bank accounts not associated with legitimate vendors. This fraud scheme, also known as spear-phishing, generally commenced with an email that appeared to come from a high-level employee within the organization.  […]

FBI Warns of Rise in Online Fraud Targeting Finance Operations – CPA Profession Proposing Cybersecurity Guidelines

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By: Charles Tate, CPA, MS
FBI officials are warning potential victims of the Business E-Mail Compromise scam or “BEC,” a sophisticated scheme targeting American businesses that has resulted in massive financial losses. One version of the BEC. is the “Man in the Middle” scam. It works like this:  An organization which often has a long standing […]

Don’t Fall for a Social Engineering Scam

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Don’t Fall for a Social Engineering Scam
By: Christian Spencer, CPA, Partner
Even the most sophisticated organization can be the target of an online attack scheme known as spear phishing. Spear phishing is an email that appears to be from top level management in your organization, typically the Chief Executive Officer (CEO); however, it is from a […]

Using Data Mining to Detect Fraud

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According to the Association of Certified Fraud Examiners’ 2016 Report to the Nations on Occupational Fraud and Abuse, proactive data monitoring and analysis is one of the most effective anti-fraud controls. Organizations which undertake proactive data analysis techniques experience frauds that are 54% less costly and 50% shorter in duration than organizations that do not […]

Fraud Risks in Nonprofits – Part II

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Our previous article, Fraud Risks in Nonprofits, provided background about who commits frauds, how large they typically are, and how long it takes to detect them.  It also provided a list of questions to narrow your focus on fraud prevention efforts.  In Part II of this article, we’ll look at the […]

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