Combating fraud before it occurs is vital to the survival of any business. Organizations should consider, enact and improve measures to detect, deter and prevent fraud before it occurs. A combined effort must be made by the board of directors, the audit committee, internal and external auditors, risk management personnel, investigators, operations personnel and others to manage the risk of fraud.
“Waste, fraud and abuse” has become a pervasive soundbite in the 2016 U.S. presidential election, but just how much fraud is actually occurring in the government?
On Sept. 26, 2016, 28 ACFE staff members, their friends and family participated in their first-annual Susan G. Komen Race for the Cure in Austin, Texas. This one-day event raises funds and awareness for the breast cancer movement, celebrates breast cancer survivorship and honors those who’ve lost their battles with the disease. Team "Toned at the Top" raised $2,466 for the event.
Recent economic crimes have only highlighted the need for more qualified anti-fraud professionals. Many universities and colleges across the U.S. now offer courses that provide such training for students. The ACFE Anti-Fraud Education Partnership supports this growth by providing expert training to accounting, auditing and other business students plus educational tools and resources to instructors.
Protecting assets is a top concern for many organizations as those assets move through the supply chain and eventually to the consumer...
Here’s a simple way to help prevent health care fraud. Patients, with their doctors’ consent, can audio record doctor visits with their smartphones. Audio recordings can verify bills submitted for health care services. And medical providers can upload and store audio files in patients’ electronic medical records to help ensure the veracity of physicians’ diagnoses and interventions.
After 16 years as a U.S. special agent, Liseli Pennings, CFE, returns to the ACFE to help worldwide agencies fight fraud and work efficiently with private sectors.
Most organizations need vendors to conduct business, but they’re often lax in investigating firms before they use their services. Here are tips for vetting your vendors and avoiding serious fraud problems.
Billing fraud may not capture all the big headlines, but it’s pervasive, hard to detect and has been growing since the outbreak of the COVID-19 pandemic. Here are some recent case studies and a bird’s-eye view of how and why this type of fraud thrives.
Consumers lose billions of dollars each year to scams such as business email compromise (BEC) and elder financial abuse because of criminals outpacing detection...
Bad actors don’t let a good crisis go to waste. Shifting of governmental department of health mandates and the absence of systems to capture evidence of compliance have contributed to a perfect storm of fraudulent employment claims during the pandemic. But you can still find hard data to drive your investigations and defense strategies.
