preparation for fraud incident

Fraud Prevention Tip #43: Build The Response Team Before It’s Needed

Near our home, there’s a city firehouse. Inside 24 hours a day are trained professionals ready to go when the alarm sounds. Their equipment is maintained in outstanding condition, their trucks are fueled, and their protective jackets, boots and helmets are already in place. They don’t wait for the alarm to go off before thinking […]

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Approving Purchasing Card Transactions

Fraud Prevention Tip #38: Approving Purchasing Card Transactions – Good Questions to Ask

The use of Purchasing cards or P-Cards for small dollar transactions makes a lot of sense. The cost per transaction is significantly less than that incurred when a requisition, purchase order, invoice and check payment takes place. But with the convenience of P-Cards comes an elevated risk of abuse and fraud. Compounding the risk is […]

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Fraud Prevention Tip #8: State Anti-Fraud Expectations

Fraud Prevention Tip #8: State Anti-Fraud Expectations

This simple no-cost tip is missed by the majority of organizations. From the CEO down to first level supervisors, anti-fraud expectations must be said out loud. Make it a requirement that during a staff meeting every supervisor share their personal expectations with their subordinates. While discussion tailored to each supervisor’s own beliefs works best, here […]

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Questions Not-for-Profit Boards and Advisors Should Ask About Fraud

Questions Not-for-Profit Boards and Advisors Should Ask About Fraud

Not-for-Profit Boards provide the critical governance, oversight and guidance needed to steer the organization in the correct direction. This includes awareness and advice on risks including fraud risks. The challenge is that most NFP Board members have little if any knowledge of fraud beyond what they read in the papers and see on TV. It’s […]

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core infrastructure of a comprehensive Anti-Fraud Campaign

Fraud Prevention Tip #5: Build Out the Anti-Fraud Core Infrastructure

Okay, so you’re off to a good start. You’ve recruited your CEO and they have agreed to be both visible and vocal in support of the Anti-Fraud Campaign you initiated. You’ve also updated your organization’s Code of Conduct so that it now includes answers to the real-world situations employees encounter and requires an annual sign-off […]

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