• Koss Fraud Spotlights Small Filers’ Internal Control Issues

    Compliance Week – Tammy Whitehouse As Congress debates whether to exempt non-accelerated filers permanently from internal control audits—and that debate may take much longer than many expect—lawmakers might want to ponder the breathtaking fraud at Koss Corp. and its implications […]

  • Accountants Cite Lessons Learned in Koss Scandal

    Eric Decker – BizTimes.com How could one corporate executive make more than $30 million in unauthorized transactions over four years without anyone else on the company’s leadership team or its third-party accounting firm being aware of the embezzlements? That is […]

  • Fraud Case Feeds Sarbox-Exemption Critics

    Could an alleged $31 million fraud at a company that reported $38 million in sales last year quash claims that internal-controls checks don’t matter? Sarah Johnson – CFO.com | US A finance executive’s alleged embezzlement of as much as $31 […]

  • A Review of Expert Fraud Investigation: A Step-by-Step Guide

    My second book, Expert Fraud Investigation: A Step-by-Step Guide, was recently reviewed by my colleague Michael Goldman for The Value Examiner, the magazine published for the National Association of Certified Valuation Analysts. It’s read by consultants who work in the […]

  • Stealing a Slice of the Company Pie

    A Weak Economy Can Mean More Employee Theft … and More Awkward Situations in the Workplace ABC News By Michelle Goodman A reader of this column I’ll call Stan received some jarring news upon returning to work after Christmas: His […]

  • A Thief Among Us: Lessons From Bielinski Brothers

    Written by Tracy L. Coenen, CPA, CFF Wisconsin Law Journal During the summer of 2004, a major shakeup was occurring at the Milwaukee-area home building firm of Bielinski Brothers, Inc. Their chief financial officer, Robert Brownell, was fired along with […]

  • Has Sarbanes-Oxley Really Done Anything to Prevent Fraud?

    With all the talk about fraud since the big scandals of Enron, WorldCom and Tyco, it would only seem natural for companies to do whatever they can to prevent employee fraud. Yet companies have not radically changed their fraud prevention […]

  • Let the Faithful Pray There’s No Fraud

    It’s become far too common to hear news reports of financial fraud at churches. Is fraud at religious non-profits increasing, or are we just hearing more about it during a time when the topic of fraud is at the forefront? […]

  • Take Steps to Protect Your Business From Corporate Fraud

    The Business Journal of Milwaukee By Barbara Bartlein In the aftermath of Enron, WorldCom and Tyco, many companies have taken steps to protect their businesses from fraud. They have initiated new accounting procedures, complied with the Sarbanes-Oxley legislation and conducted […]

  • When Employees Steal: Five Reasons Your Business Could Be Vulnerable to Fraud

    The last thing you want to discover is that one of your employees is stealing from your small business. Not only is it a total violation of your trust, but internal fraud also has the potential to put you out […]