Presenting Research at the ASC Conference

American Society of Criminology research presentationMy research paper Investigative Challenges of Fraud in Microfinance Institutions has been selected for presentation during the American Society of Criminology (ASC) annual conference in Philadelphia, PA. It is a great honor to have my research included in such a conference. I am grateful for the opportunity. This paper is the culmination of pioneer research as it is the first time the topic has been covered in an academic setting by any college or university. It is my hope that the presentation will highlight not only the findings critical to microfinance institutions and the broader community of businesses and aid foundations operating in developing countries,… Read More

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New COSO Guidance

There is new guidance just released on fraud risk management for COSO principle 8 and the full COSO framework. [Excerpt from the ACFE Forum] We are excited to announce the publication of the new Fraud Risk Management Guide, a resource jointly sponsored by COSO and the ACFE. This guide is an update to the previously released ACFE/IIA/AICPA publication, Managing the Business Risk of Fraud, and is designed to build on both COSO principle 8 and the full COSO Internal Control–Integrated Framework as a foundation for a comprehensive fraud risk management program. The Executive Summary of the guide is attached to this post. We’ve also created a website (ACFE.com/fraudrisktools) that provides interactive tools and other resources… Read More

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FraudCast – FCPA Compliance and Translation Considerations

FCPA Compliance & Translation Considerations Join us on this episode of FraudCast as we discuss this with Jay Rosen, VP of Legal & Corporate Language Solutions at Merrill Brink International, a United Language Group company. We answer questions such as: Where do translation services fit into the non-English language investigation protocol? How do most organizations attempt to deal with non-English language data? How should a global organization with potential risk exposure go about finding and vetting a qualified Language Solutions Provider (LSP)? And much more. YouTube link: https://youtu.be/-HsfrDixGZ8   Also see: Call for Subject Matter Experts to become a guest speaker on FraudCast. Helpful Speaker Tips for step by step instructions on… Read More

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FraudCast – Blockchain Technology for Compliance and Managing Risk (Part 2)

Blockchain Technology for Compliance and Managing Risk (Part 2)   Join us on this episode of FraudCast as we discuss blockchain technology for compliance and managing risk with Ian Worrall, CEO of Encrypted Labs. We answer questions such as: How did you get started? How do you address people being skeptical about robots? Regulatory concerns? Private and/or government? And much more. YouTube link: https://youtu.be/Uw4gsd4z-pQ   Also see: Unlocking Economic Advantage with Blockchain: A guide for asset managers (J.P. Morgan, 2016) PDF Call for Subject Matter Experts to become a guest speaker on FraudCast. Helpful Speaker Tips for step by step instructions on the interview process.

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FraudCast – Blockchain Technology for Compliance and Managing Risk

Blockchain Technology for Compliance and Managing Risk   Join us on this episode of FraudCast as we discuss blockchain technology for compliance and managing risk with Ian Worrall, CEO of Encrypted Labs. We answer questions such as: What is Blockchain Technology? How can it be used to reduce systemic Fraud? What is the competitive advantage of BigchainDB? And much more. YouTube link: https://youtu.be/8m9RblWfORM   Also see: Unlocking Economic Advantage with Blockchain: A guide for asset managers (J.P. Morgan, 2016) PDF Call for Subject Matter Experts to become a guest speaker on FraudCast. Helpful Speaker Tips for step by step instructions on the interview process.

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Fraud Risk Assessment

Specializing in antifraud for INSIDER THREAT & FRAUD MANAGEMENT. The first step in effective fraud management is the Fraud Risk Assessment. It provides much more than the inputs required for a risk-based annual audit plan. The results of the evaluation begin the process to allow for the determination of risk appetite, tolerance levels (+/- %), key risk indicators (KRIs), identification of anomalies, and the development of predefined management actions and communication strategy in response to exception reporting. Benefits of the fraud risk assessment include: Visibility into the organization’s fraud risk; Understanding of the risks by department and scheme; Prioritize antifraud efforts and allocate resources effectively by focusing on the risks… Read More

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Report to the Nations 2012 Global Fraud Survey

ACFE Report to the Nations 2012 Global Fraud Survey

ACFE Report to the Nations 2012 Global Fraud Survey Issued Tuesday, May 8, 2012 Summary of Findings ___________________ • Survey participants estimated that the typical organization loses 5% of its revenues to fraud each year. Applied to the 2011 Gross World Product, this figure translates to a potential projected annual fraud loss of more than $3.5 trillion

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Fraud Doctor

Just how many fraud schemes are there?

Just how many fraud schemes are there? You may be surprised.  Here is a map of just occupational fraud schemes; where a person uses their job to facilitate the fraud.  They are the most common schemes found in corporate fraud.  However, depending on the industry, there are a host of industry-specific schemes that could be incorporated into each of these.  Each fraud scheme is different with varying methodologies, positions of trust, and motives.  Sometimes one fraud scheme is used by one fraudster and other times multiple schemes are used by many people. Download a free listing (PDF) of Occupational Fraud Schemes (9-pages) Request a free consultation

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