Author Archives: Frank Suponcic, CPA, CFE, CFF

Are Your Vendors Legitimate?

Fictitious vendor fraud is a rather common scheme. Unfortunately, it is more difficult to detect than just a quick scan of the payees or the check amounts. Spending a little time implementing a thorough vendor setup program is a great first step in preventing fictitious payment fraud.

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If You Talk the Talk, Be Sure to Walk the Walk

Every successful organization follows the actions of its leadership. What happens when others in the business see unethical behavior—what are they to think? It’s a simple case of “monkey see, monkey do.” It is not uncommon for an employee to emulate what they see, and that extends to corporate behavior.

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Take One Simple Step to Protect Yourself From Social Security Benefits Fraud

Imagine someone applying for – and receiving – your Social Security benefits before you do. Think it can’t happen? Think again. Welcome to the disturbing world of identity theft in 2018.

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Is It Worth the Risk to Not Perform a Fraud Risk Assessment?

Of all the fraud prevention tools and techniques available to companies, my personal favorite is the fraud risk assessment. It is not the most cost-effective tactic, but it will yield the greatest results.

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Surprise! Gotcha! Unexpected Fraud Audits Yield Results

When it comes to preventing fraud and embezzlement, the element of surprise is a rarely used preemptive tactical advantage. Today, business executives need to utilize every advantage in their fraud prevention arsenal in the never-ending fight to prevent employee misappropriations.

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An Effective Fraud Policy Can Reduce Corporate Embezzlement

National statistics and our own firsthand experience indicate that internal fraud and employee embezzlement are not going away anytime soon. So what’s the easiest step that a company or organization can implement to combat the hidden threat of employee misappropriation, theft and fraud? A written corporate fraud policy.

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Employee Fraud Hotlines Are a Cost-Effective Fraud Identification Tool

Fraud hotlines are one of the most cost-effective fraud prevention and reporting tools.

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Background Checks: The First Line of Defense in Fraud Prevention

While many of today’s employees are emboldened to at minimum “test” stealing from your business, businesses and organizations must be more proactive than ever to protect their cash and other assets.The best way to prevent fraud is to stop the problem before it starts.

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Youth Athletics – It’s Easy for Fraudsters to Score!

Many of us, at some point, have been involved in the management of some type of youth athletic organization. This month a story broke about a Northeast Ohio lacrosse league that fell victim to at least a $90,000 theft, allegedly committed by the league president over a four-year period.

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Equifax Data Breach – Are You Affected, and if So, What Should You Do?

Equifax is one the of the three major credit reporting bureaus in the U.S. and because of the “quality” of personal data that has been accessed and stolen, this breach is huge.

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