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Visual control can strengthen anti-fraud strategies in global retail
The author examines fraud prevention in the retail industry and how visual controls can help deter fraud.
Written By: Dr. Princely Dibia, Ph.D., CFE, FHEA
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- Business Development and Marketing
- Consumer Fraud and Scams
- Fraud Prevention and Deterrence
Carousel fraud
The not-so-merry evasion of value-added taxes is a vicious cycle of false trading across multiple countries. Around these trader schemes, known as carousel fraud, fraud examiners work to uncover complex international fraud networks and identify at-risk business entities.
Written By: Samuel May, CFE
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- Anti-Fraud Laws Regulations and Compliance
- Fraud Schemes
- Tax Fraud
A ‘Croc’ of a stock
Companies may engage in a deceptive practice known as channel stuffing when facing pressure to meet short-term sales targets or enhance stock price.
Written By: Laura Harris, CFE
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- Financial Transactions and Fraud Schemes
- Fraud Risk Management
Monitoring and investigating human rights risk in the supply chain
Forced labor, an unfortunate reality in much of the world, may lie hidden (or in plain sight) in companies’ supply chains. Governments are taking notice, and CFEs have a key role to play in combating the problem.
Written By: Vincent M. Walden, CFE, CPA
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- Anti-Fraud Laws Regulations and Compliance
- Financial Transactions and Fraud Schemes
- Fraud Prevention and Deterrence
Can generative AI give us prescriptive analytics?
One of four key types of analytics has long been considered a “pie-in-the-sky” concept for fraud investigators. Rather than describing or diagnosing something that’s happened or predicting what could happen, prescriptive analytics can tell us what we should do about it. With the growth of generative AI and large language models, it may just be in reach.
Written By: Vincent M. Walden, CFE, CPA
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- Accounting and Auditing
- Data Analytics
- Fraud Prevention and Deterrence
Measure and monitor your fraud risk management program success
‘Tis the season to set company goals. As we wrap up 2023 and look to the new year, ponder this: What are some of the key performance indicators (KPIs) companies use to measure the effectiveness of their fraud risk management program? Here, we explore some leading examples of anti-fraud KPIs that drive business value.
Written By: Vincent M. Walden, CFE, CPA
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- Corporate Governance
- Data Analytics
- Technology
Banish ‘comfortable inaction’
Most organizations need vendors to conduct business, but they’re often lax in investigating firms before they use their services. Here are tips for vetting your vendors and avoiding serious fraud problems.
Written By: Joseph M. Palmar, CFE, CPA/CFF
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- Data Analytics
- Fraud Prevention and Deterrence
Fraud's fertile breeding ground
Any economic disruption leaves businesses vulnerable to fraud both from within and outside an organization. Here we look at how today’s bottlenecks along global supply chains are creating the potential for financial wrongdoing in the coming months and what fraud examiners and auditors should know to prevent it.
Written By: Stephen Pedneault, CFE, CPA/CFF
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- Fraud Prevention and Deterrence
- Fraud Risk Management
Agents of change
Over the past 20 years or so, Africa has seen an exponential growth in anti-corruption agencies as governments across the continent seek to fight what’s still considered to be an endemic problem. Here we look at the history behind ACAs, some case studies and how CFEs can assist in these efforts.
Written By: Mohammed V.S. Ashraf Khan, CFE
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- Bribery and Corruption
- Government Fraud
Arpinder Singh, CFE
Arpinder Singh, CFE, got his start investigating fraud when he discovered the field of forensic accountancy just as India’s economy took off following sweeping reforms in the early 1990s. Forensics proved to be an excellent career choice as corporate India increasingly focused on governance issues, including fraud detection and prevention.
Written By: Paul Kilby, CFE
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- Career and Professional Development
- Fraud Risk Management
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