Fraud prevention

Anti-fraud professionals are anticipating a rise in fraud this year after seeing it go up since the beginning of the COVID-19 pandemic last year.

John Hanson, managing director of BDO's Forensic Investigation and Litigation Services practice, discusses the tell-tale signs to look out for in businesses during the pandemic.

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

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

The Anti-Fraud Collaboration has released a report on the importance of skepticism by auditors and finance professionals.

The COVID-19 pandemic is encouraging various forms of fraud, according to the Association of Certified Fraud Examiners.

COVID-19 has created new challenges and a remote work environment that heightens the risk of fraud at public companies.

The speed and scale of the Paycheck Protection Program made it particularly susceptible to fraud, explains Juliette Gust, a forensic accountant and founder of Ethics Suite -- and that means businesses need to take steps to protect themselves.

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.

The Internal Revenue Service is bracing for another epidemic -- scammers trying to get their hands on the $1,200 payments being sent out to millions of Americans to bolster the economy.

A new report recommends several approaches to help companies avoid malfeasance.

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.

Companies lack adequate anti-fraud staff and resources and are seen as more likely to fall prey to fraud than in the past, according to a new report.

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.

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.