StoneBridge Business Partners Fraud Article Library

"Collusion accounts for as much as 40 percent of fraud, with median loss of approximately $485,000 – nearly five times that of crimes perpetrated by an individual alone...."

Read the Employee Fraud article

"Forensic accountants stress that the best way to prevent fraud is to establish an efficient control system.
How much should you spend on such a system? What mechanisms have worked best for other companies?
And, perhaps, most importantly – What is the price of doing nothing?..."

Read the Employee Fraud article

"Every day, during the normal course of our lives, we encounter numerous controls or safeguards. Whether your place of work requires an identification badge or a key fob, a password to log onto your computer or an access code to use a copier, controls are a way of life....."

Read the Internal Controls article

"In any kind of business that issues payroll checks to employees, the possibility of payroll fraud exists. There are various ways payroll fraud can be perpetrated. The Association of Certified Fraud Examiners 2006 Report to the Nation on Occupational Fraud and Abuse refers to payroll fraud as....."

Read the Payroll Fraud article

"A qualified CPA with litigation experience can be a great asset to your fraud case.  In searching for help, there are some important factors an attorney should consider....."

Read the Use of CPAs in Fraud Cases article.

"Conducting a third-party or corroborative interview is a key step in most fraud investigations and should be conducted by experienced professionals.
There may be only one chance to interview an individual in an investigation, so investigators must make the most of it. It is important that a trained investigator conduct that interview...."

Read the Anatomy of an Interview Part 2 article

"A properly planned interview can yield much more than simply learning about a subject’s background information.
Techniques such as behavior analysis can be used to determine whether someone is being truthful or deceitful....."

Read the Anatomy of an Interview Part 1 article

"You may think your company is protected against fraud, but statistics say that as much as 10 percent of all fraud in the nation takes place in manufacturing companies. Approximately one-third of these cases involved fraudulent billing, according to the 2006 Association of Certified Fraud Examiners’ Report to the Nation on Occupational Fraud and Abuse...."

Read the Fraud Safeguards article

"The typical organization loses 5 percent of its annual revenues to occupational fraud, according to the Association of Certified Fraud Examiners 2006 Report to the Nation on Occupational Fraud and Abuse. Some industries are more susceptible than others. Do you know how your organization fares?..."

Read the Fraud Susceptibility article

"Are you the proud owner or part owner of a medical office building, surgery center or other professional building? If you aren’t depreciating your property as quickly as permissible under current law, you may be grossly overpaying your federal income taxes. Cost segregation can help...."

Read the Hidden Money article

“The typical organization loses 6 percent of its annual revenues to occupational fraud, according to the 2004 Report to Nation on Occupational Fraud and Abuse, Association of Certified Fraud Examiners. A well-designed plan can help you maximize your recovery. ..."

Read the Getting Your Money Back article

“Auditor’s routinely excuse themselves from the responsibility of detecting fraud, collusion in particular. It is difficult enough to uncover fraud when it is committed by an individual, but detecting a team of individuals working together to defraud an organization can be especially difficult. What steps can you take to detect and deter collusion?..."

Read the Team Effort to Defraud article

“The Association of Certified Fraud Examiners determined in its 2004 Report to the Nation on Occupational Fraud and Abuse that approximately 22 percent of all fraudulent disbursement schemes investigated involved expense reimbursement fraud. Keeping your organization safe from pilfering employees demand strong controls, tough actions against perpetrators and management leading by example..."

Read the Expense Reimbursement Fraud article

“Because credit cards are as liquid as cash, they are subject to risk. Theft or abuse by an unauthorized outside party is typically the first concern, but credit card abuse and fraud by those within an organization can also be a source of threat..."

Read the Internal Credit Card Fraud article

“More and more employers are learning that background checks are a necessity in their hiring practices. Simply confirming dates of prior employment isn’t going to work for most companies today. Estimates are that nearly 10 percent of candidates applying for jobs have criminal violations, according to the Northeast Human Resource Association. As exemplified by the company featured in the associated case study, failing to adequately scrutinize new hires can have disastrous results. What precautions should your organization implement? . . ."

Read the Background Checks article.
Read the Background Checks case study

“Even the most trustworthy of employees can succumb to pressures and commit fraud against the company. Stock market losses, a spouse’s disability, college tuition and unexpected expenditures can all lead to unavoidable pressures on your employees . . . “

Read the Detecting Fraud article

“You may think your nonprofit organization is protected from fraud. Maybe you should review the status of your internal control systems to be sure.

Internal controls are the safeguards put in place to protect an organization’s assets. Nonprofits face special challenges in this area . . .”

Read the Nonprofits Fraud article

“It’s been said ‘cash is king.’ This is especially true for perpetrators of fraud. But businesses beware: You can become a victim of fraud when no cash is involved. Check tampering, billing schemes, payroll schemes . . ."

Read the Common Cisbursements of Fraud article

”When a fraud is suspected, organizations must proceed quickly, yet with caution. In most situations, simply calling the local police won’t help . . . ”

Read the Investigating Allegations of Fraud article

“It is in everyone’s interest that no one be allowed to cheat the system. Moreover, even the compliant franchisee will get direct benefits from an audit because auditors can pass along information that can assist the franchisee in improving its operations, including issues such as internal theft, weak internal controls, and out-of-line operational costs..."

Read the Frahcnise Audits article