• Financial Statement Fraud: Overstatement of Revenue

    By far the most common way that executives manipulate financial statements is through the overstatement of revenue. The reason is simple: It’s the easiest way to improve the appearance of the company’s financial condition. Revenue can be inflated by doing […]

  • Preventing Fraud in a Small Business

    Cost-saving measures are always attractive to businesses. If a company with annual revenue of $10 million could eliminate a $500,000 expense, would management be interested? Internal fraud prevention could be the key to saving money in precisely this way. Experts […]

  • Behavioral Red Flags of Financial Fraud

    There are a number of common signs that we may see when someone is engaged in financial fraud within a company. Tracy talks about the behavioral red flags for fraud in this video, which are also summarized below:

  • How to Search For Fraud in a Company

    How do you begin searching for fraud in a company? Sometimes I get called in when a company finds an employee stealing. They have found one instance of theft and they want to have the rest of the company looked […]

  • Internal Records For a Fraud Investigation

    In a corporate fraud investigation, the most abundant source of information about the fraud will likely come from internal records of the company. Remember, of course, that the internal records will be not only be paper records, but will be […]

  • Companies at Greater Risk of Financial Fraud

    What kinds of companies are more prone to fraud? In my business, we talk a lot about the red flags of fraud. There are two different types of red flags: the kind that suggest that a fraud is currently in […]

  • After the Fraud Investigation

    After an internal fraud is discovered and fully investigated, a company and its employees must move forward. That might seem like a simple thing to do, but it is not always quite that easy. The financial blow of an internal […]

  • Why It Is So Easy to Commit Fraud

    It sometimes seems like it’s easy to commit fraud at work. Why is that so? One of the main reasons is that employers must put trust in their employees and give them access to data and assets. It’s also important […]

  • Fraud is Just Part of a Controller’s Job

    Can you believe people actually admit to this stuff? A survey of accounting controllers done by FloQast found that lots of controllers think fraud is a routine part of their jobs. There are some awfully interesting results. 69% of the […]

  • Why Does Bankruptcy Matter During the Hiring Process?

    It’s difficult to know who is going to commit fraud at a company. In 89% of internal fraud cases (fraud committed by employees of a company), the perpetrator was never previously charged or convicted of a fraud-related offense. So there […]