Our team helps identify, recover and prevent losses in your A/P department.
Request your assessment
Often, financial crimes with the greatest levels of negative impact require a high level of education or intuitive know-how, and the complexities involved in many embezzlement cases highlight this fact.
The ease with which fraud can be perpetrated at small firms came into focus recently, as a yet another long-standing employee at a locally operated business was accused of fraud.
A federal court recently charged Larry Winckler, a former executive at Indiana-based oil drilling company Falcon Drilling, with embezzling more than $9 million in corporate funds.
In small business, the line between personal and corporate finances often becomes blurry.
The need for proper financial visibility to protect against fraud is not industry-specific.
Channing Smack of Marina Del Ray, Calif., has been accused by federal authorities of stealing $370,000 from the Girl Scouts organization.
Employee fraud can have disastrous consequences for small businesses – and without financial audit solutions, it can be very difficult to detect discrepancies in accounting.
Yet another example of alleged fraud at a local church recently served as a reminder that the need for accounts payable audits is nearly universal.
At firms that specialize in financial services, it’s essential to implement tools that protect against embezzlement of either the company’s or the clients’ money.
A recent case brought to light the effectiveness with which audit solutions can uncover fraud – but it also pointed out that abuse of funds is easy to miss when audits aren’t performed with great frequency or regularity.
This site uses cookies and other tracking technologies to assist with promotional efforts and receive contact inquires from users. By continuing to use this website, you agree to the use of such cookies. Our Privacy Policy explains how we protect your privacy in our use of cookies and other information.
You can prevent your browser from accepting new cookies, have the browser notify you when you receive a new cookie, or disable cookies altogether by accessing your browser’s preferences menu.