It is every professional’s dream to find the “smoking gun” in every investigation undertaken. A “smoking gun” is the one piece of evidence that is too obvious for the subject(s) to deny. However, most of all cases do not find the “smoking gun,” making the professional’s job challenging and at the same time much more …

No Smoking Gun in an Investigation? No Problem. Read More »

Have you noticed that your property manager traded in his old Honda for a brand-new BMW? Perhaps your property manager’s house was recently renovated? Did a member of the Board of Directors suddenly upsize to a larger condo or purchase a vacation home?  If you notice any of these lifestyle changes, or if something just …

The Importance of Forensic Audits in Property Management Read More »

According to the Association of Certified Fraud Examiners (ACFE), 51% of organizations have uncovered more fraud since the beginning of the pandemic and 71% expect the level of fraud impacting their organizations to increase over the next year. 1 Fraud could significantly impact the bottom-line of any organization if it is not uncovered in a …

Whistleblower Channel: Common Features and the Importance to Your Organization Read More »

Have you ever reviewed an expense transaction in a corporation’s books and wondered, “Is this expense allowed?” Or have you ever expensed a transaction and asked yourself the same question? As a business owner, management or an employee of an organization, you are probably far too familiar with this “grey area.” There are those transactions …

The Importance of Internal Policies and Procedures Within an Organization Read More »

Fraud risks within companies are not something new. For years, companies have found themselves susceptible to fraud, falling victim on many occasions. While fraudulent behavior can occur at all levels of the organization, more than half of occupational frauds occur in (1) operations, (2) accounting, (3) executive/upper management, and (4) sales[1]. For this reason, it …

The Importance of Internal Controls to Reduce the Risk of Corporate Fraud Read More »

Third parties, whether distributors, consultants, suppliers, vendors, or other organizations, form an integral part of a company’s functioning, operations, growth, and success. While essential, these third parties bring new supply chain, financial, legal, compliance, and intellectual risks that could damage companies’ reputations and operations. As part of the internal controls, companies should design and maintain a …

The Importance of Due Diligence Processes in Third-Party Dealings as Part of Companies’ Internal Controls to Mitigate Risks Read More »