Fraud prevention

The growing number of fraud victims who suffer staggering financial losses often find themselves having to pay Uncle Sam for their missing income, experts say.

The first step in identifying invoice fraud and stopping it is knowing what you're looking for.

Companies lose an estimated 5% of their revenue each year due to fraud, according to a report from the Association of Certified Fraud Examiners.

Generative AI, which is already playing an outsized role in fraud, is also expected to play an equally large role in efforts to fight fraud.

The agency plans to restrict access to a system that provides borrower tax returns to mortgage lenders beginning June 30. Left out of the loop, small-business lenders say getting credit to borrowers will become more difficult as a result.

The Association of Certified Fraud Examiners has joined a collective effort of organizations including the Center for Audit Quality, Financial Executives International, the Institute of Internal Auditors and the National Association of Corporate Directors.

IRS warnings about a "wave of summer scams" and new business rules designed to combat fraudulent claims for refundable credits are among the latest developments.

The service developed an indicator to lock the accounts of millions of taxpayers whom the agency assumed had died, but for tens of thousands of people, it may have been wrong.

A forensic accounting investigator explains how to avoid fraudulent transactions and behavior.

The Center for Audit Quality is working to convince the board to water down a proposed update telling auditors to be on the lookout for fraud and other signs of noncompliance.

Today's leading cloud service platforms offer a multitude of tools that make it easier to leverage best-in-class technology with minimal IT management.

The institute kicked off its annual international conference, highlighting its international growth and the ways in which internal auditors are helping companies.

A majority of businesses say it's challenging to bring on new vendors or business customers due to concerns over B2B fraud, according to a recent survey.

Organizations are not making a priority of examining their corporate culture, although some internal auditors are doing that to deter corporate malfeasance, according to a new report.

The Association of Certified Fraud Examiners held its annual conference last week in Seattle where it presented awards to people who uncovered corruption and financial fraud around the world.

A new report looks into tipster hotlines backed by anti-retaliation policies, as allegations emerged about retaliation against an IRS whistleblower.

In May's Cybersecurity for CPAs, we discuss how it's not just your business you need to worry about but your clients' as well.

The groups have refreshed their guide to establishing a fraud risk management program for today's vulnerabilities.

If history is a guide, the uptrend in corporate failures to be expected from rising costs of capital is likely to be accompanied by an increasing incidence of fraud.

While no one wants to believe fraud is occurring at their organization, unfortunately, it can and does.