Fraud Prevention

Internal Controls

Internal Controls even the Smallest Business can Implement

We’ve all heard the term “internal control.” Simply put, it involves anything that controls risks to a company, by ensuring reliable financial reporting, and compliance with laws, regulations and policies. Implementing suitable internal controls in larger companies with a large management team is seldom an issue. For smaller companies with only a few staff it can be far more challenging, if not almost impossible. So what can these companies do to reduce the opportunities for …

Internal Controls even the Smallest Business can Implement Continue Reading

Beware of New Telephone Scams

The following article appears originally on the CRA website and was posted originally on June 10th, 2015. The Canada Revenue Agency (CRA) is noting an increase in telephone scams where the caller claims to be from the CRA but is not, and is asking Canadians to beware—these calls are fraudulent and could result in identity and financial theft. Some recent telephone scams involve threatening taxpayers or using aggressive and forceful language to scare them into paying fictitious debt to …

Beware of New Telephone Scams Continue Reading

Eight Tips for Preventing Fraud in Not-for-Profit Organizations

Eight Tips for Preventing Fraud in Not-for-Profit Organizations

Many organizations feel that, due to their small size, they are not susceptible to fraud. Unfortunately, this is not true. Even the smallest of organizations have been, and can be, targets of fraud. In fact, smaller organizations have disproportionately large losses from asset misappropriation, and are much less likely to recover from a fraud. This is due to the fact that they often employ friends, family and other “trusted individuals,” and rely on trust rather …

Eight Tips for Preventing Fraud in Not-for-Profit Organizations Continue Reading

Scroll to Top