"It definitely takes a certain kind of individual, in my eyes, to be able to deceive the company that's essentially paying your wages." 🚨 Internal fraud might not grab headlines like external fraud, but its impact can be devastating. Hear from Claire M. as she uncovers why internal fraud isn't just a nightmare scenario; it's a harsh reality for many businesses. 🤯 From small enterprises to multinational corporations, no one is immune to the devastating effects of fraudulent activities carried out by those within their own ranks. What's more intriguing is the psychology behind it. 🧐 To bypass internal controls, perpetrators must navigate the very systems they're supposed to uphold. It's a calculated betrayal, targeting not just the bottom line but also colleagues and the company itself. Listen to the full Wired-In podcast and explore ways to root out this silent enemy that is internal fraud: https://lnkd.in/eww3bbVq #StopThinkFraud | #InsiderFraud | #CounterFraud | #FraudPrevention
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How can you pinpoint employee behaviors that signal a potential risk of fraud in your company? Join host Matthew S. Adams for this episode featuring Nicole Sliger CPA, CFE, CFF and Jonathan T. Marks-CPA,CFF,CGMA,CITP,CFE,PI,NACD Board Fellow, forensic accountants with the global accounting and consulting firm, BDO USA. The trio provides practical guidance on compliance management, informed not only by personal experiences but also the five components of the Fraud Pentagon Theory. Developed by Jonathan, this theory helps companies identify the human element that can lead to employees engaging in activities that put a company at risk for white-collar crimes. You’ll learn to recognize red flags and take actionable steps to safeguard your organization. Listen on Spotify: https://spoti.fi/3yIUpIt Listen on Apple: https://apple.co/3RcBhsW View all episodes: https://bit.ly/3BXSAnO #whitecollarcrime #fraudprevention #criminaldefense #financialcrimes
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Partner at Fox Rothschild LLP, Co-Chair of Fox Rothschild’s White Collar Criminal Defense and Regulatory Compliance Practice Group, Immediate Past President of ACDL-NJ, Scotch Plains Councilman
Our latest episode of the podcast has dropped, exploring the fraud pentagon!
How can you pinpoint employee behaviors that signal a potential risk of fraud in your company? Join host Matthew S. Adams for this episode featuring Nicole Sliger CPA, CFE, CFF and Jonathan T. Marks-CPA,CFF,CGMA,CITP,CFE,PI,NACD Board Fellow, forensic accountants with the global accounting and consulting firm, BDO USA. The trio provides practical guidance on compliance management, informed not only by personal experiences but also the five components of the Fraud Pentagon Theory. Developed by Jonathan, this theory helps companies identify the human element that can lead to employees engaging in activities that put a company at risk for white-collar crimes. You’ll learn to recognize red flags and take actionable steps to safeguard your organization. Listen on Spotify: https://spoti.fi/3yIUpIt Listen on Apple: https://apple.co/3RcBhsW View all episodes: https://bit.ly/3BXSAnO #whitecollarcrime #fraudprevention #criminaldefense #financialcrimes
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🗣 Enable whistleblowers. Ticking the box by creating a whistleblowing procedure isn’t enough on its own; employees need to have faith in the integrity and effectiveness of the process. A lot of internal #fraud goes unreported because people feel discouraged from speaking out, often because there are too many hoops to jump through, or because they are wary of exposing themselves as a #whistleblower to the person who is committing the fraud. Your process therefore needs to be well-publicized, simple, anonymous, transparent, and efficient. Senior academic and fraud examiner, Dr Rasha Kassem PhD, CFE, FHEA, CMBE, offers advice on how to sensitively but effectively deal with the potential enemy within. #VeriffVoices #podcast #fraudprevention #crime #awareness
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I don't know about you, but it seems that the news lately has a story about #fraud and #assetmisappropriation. When #fraudrisk is on the uptick, its important to understand the potential #internalcontrol #gaps, as well as what external and internal #pressures may be impacting key employees and roles. Check out the brochure below....
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[NEW ARTICLE] You may have fraudulent activity even when all the internal controls are working. Businesses need to look behind the curtain to undercover more. Read 'What’s Behind the Internal Control Curtain? Is it a Fraud Story? ' > https://hubs.li/Q02HvbWv0 #fraud #audit #fraudstory #leonardvona
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[NEW ARTICLE] You may have fraudulent activity even when all the internal controls are working. Businesses need to look behind the curtain to undercover more. Read 'What’s Behind the Internal Control Curtain? Is it a Fraud Story? ' > https://hubs.li/Q02HvdMf0 #fraud #audit #fraudstory #leonardvona
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With so many fraud prevention tools on the market, it can be hard to figure out which ones are worthwhile. And in finance, the stakes are high - trusting the wrong one can lead to a data breach, which can cause: ❌ Financial loss ❌ Data loss ❌ Erosion of trust ❌ Possible legal consequences But we can help. Read the article below to discover how you can evaluate these tools and make the right choice for your business ⏬ https://lnkd.in/gh6-3kT7 #ThreatAdvice #financeandaccounting #dataprotection #fraud
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How does your company cultivate an ethical culture? Vigilance against employee financial fraud is crucial for maintaining integrity and trust in your organization. From small thefts to serious misrepresentation, fraud can cost your business a significant amount. Data from the Association of Certified Fraud Examiners reveals a 24% increase in median losses to occupational fraud in the past two years. By fighting fraud, you not only protect your revenue but also reinforce ethical practices and culture. Visit our latest blog to learn more: https://bit.ly/3yQnmlV #financialfraud #employeefraud #ethics
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The theme of our latest articles was “look behind the curtain” in order to tell the fraud story. Upon reflection, maybe we did not tell the entire fraud story. Maybe, we did not look behind the right curtain. So, now, we are going to look behind a different curtain. Read Fraud Theory: An Analysis of Modern Internal Control Structures and Their Efficacy > https://hubs.ly/Q02M82xX0 #fraud #fraudauditing #fraudtheory #fraudtraining #audit
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S.T. | CICA | CRP | CLA ISO 37001 | Internal Auditor | Compliance | Anti-Fraud | Anti-Bribery & Corruption | Investigation | Risk & Control
1. “Once there is collusion between employees, or between employees and an external party, fraud is much harder to stop”. 2. “Once a fraud starts, honest employees can then be drawn in as a dishonest culture develops and a fraudulent environment is well established”. Georgios L. Vousinas, (2019) "Advancing theory of fraud: the S.C.O.R.E. model", Journal of Financial Crime, Vol. 26 Issue: 1 #fraud #fraudhexagon #collusion
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