Fraud detection

The COVID-19 pandemic could give remote employees around-the-clock access to company funds with little supervision and lead to embezzlement.

Data-driven processes can help auditors focus on high-risk issues for further analysis and investigation.

The American Institute of CPAs is asking the Small Business Administration to fix some problems that businesses are encountering when applying for loans from the Paycheck Protection Program.

One major difference between past audits and those of today are they are now being almost completely performed in a remote environment.

The work-from-home phenomenon has triggered a fresh frustration for U.S. corporations: Americans are blowing the whistle on their employers like never before.

The Division of Enforcement's annual report also highlights non-pandemic-related issues that arose in fiscal year 2020 and strategic operational changes.

Grant Thornton CEO Brad Preber and principal Linda Miller, who leads the firm's fraud and financial crimes practice, offer strategies to help businesses protect themselves from fraud amid the pandemic environment.

Grant Thornton CEO Brad Preber and principal Linda Miller, who leads the firm’s fraud and financial crimes practice, explain why the coronavirus pandemic and the government response to it have created unique opportunities for fraud.

The typical case of fraud costs $8,300 per month, and the median duration of each fraud case was 14 months.

CPA financial planners are noticing scams perpetrated against their elderly clients, according to a new survey by the American Institute of CPAs.

The Institute of Management Accountants is helping promote International Fraud Awareness Week, to push financial professionals to do more to ensure fraud prevention and detection are a priority at the companies where they work.

The service has joined an international coalition to help nonprofits fight fraud and financial crime.

Though in the early days of application, artificial intelligence is already having a major impact in protecting businesses, according to Paul Zikmund, a director at Baker Tilly and a professor of accounting at Rider University's Master of Accountancy program.

Traditional oversight measures often lack the capability to supervise large quantities of assets.

The prevalence of fraud in modern corporations is astounding when one considers the architecture that is in place to eliminate it.

Thirteen percent of organizations currently use AI or machine learning to combat fraud, and 25 percent expect to adopt such technology in the next year or two.

An Inspector General report says the service isn’t doing as much as it could to encourage reporting tax fraud.

Better (Microsoft) Team, the importance of two-factor authentication, and eight other things that happened in technology this past month and how they’ll impact your clients and your firm.

Accounting has evolved and if you are not keeping up with the latest advances, chances are your clients won’t be satisfied or they may drop you entirely.

Artificial intelligence is poised to transform the finance industry with advancements that eliminate tedious tasks and free up time for financial staff to prioritize higher impact responsibilities.