Category: Fraud Risk Assessment

The ‘F’ Word – Fraud from a Victims Perspective

The ‘F’ Word – Fraud from a Victims Perspective

Dear Jane Doe (The victim and perpetrator’s names changed to protect the guilty!) is a bright, successful businesswoman. How did she become a victim of fraud? Join Forensic Restitution this Thursday, 30th July, at 1 pm (Toronto time) for this week’s topic: fraud from a victim’s perspective. In this 30-minute open discussion led by Tamara […]

The F word – a Discussion about Social Engineering

The F word – a Discussion about Social Engineering

The ways hackers get into your organization Have you or your organization been a victim of social engineering attacks? Join Forensic Restitution on Thursday, 23rd July at 1 pm EST for this week’s topic on Social Engineering and learn from the experts about how to curb such attacks. ‘ In this 30-minute open discussion led […]

The Lack of Internal Controls and the trusted employee

The Lack of Internal Controls and the trusted employee

James had recently moved departments. His excellent administration skills and previous sales performance earned him the promotion and was viewed as well-deserved. His manager also believed that the resulting salary adjustment would be beneficial to him, seeing that he was in the midst of a divorce that left him in a financially vulnerable position. The […]

Profiling the Fraudster

Profiling the Fraudster

By Simon Padgett This article was first published in the April 2015 international edition of Accounting and Business magazine. The ACFE in 2020 estimated that a typical organization loses 5 per cent of its annual revenue to fraud. Applied to the estimated recent gross world product, this figure translates to a potential total fraud loss […]

COVID-19 and the Fraud Triangle

COVID-19 and the Fraud Triangle

By Sachin Maharaj CFE The COVID-19 pandemic has forced lock-downs and restrictions bringing world economies to a standstill. It is widely expected that many businesses will not recover, resulting in many job losses. Unfortunately, these challenges generate the perfect conditions for occupational fraud. Pressure The number of unemployed is increasing drastically. Companies that are  trying to […]

Fraud Risk Assessments

Fraud Risk Assessments

By Sachin Maharaj CFE The purpose of a fraud risk assessment is to help an organization identify what makes it most vulnerable to fraud risks. Through a fraud risk assessment, the organization determines where fraud is most likely to occur, enabling proactive measures to be implemented, to reduce the chances of it happening. A fraud […]

Three Shifts in how we think about Corporate Crime

Three Shifts in how we think about Corporate Crime

Almost 100 years on, and we still have not implemented the basic split of organized crime.  If we are to fight this scourge, we need to identify the businessmen, lawyers, accountants and other accomplices who help enable white-collar crime. From serious criminal activity to a focus on ‘who’ is doing the harmful activity—i.e. separation of […]

COVID-19 and the Fraud Triangle

COVID-19 and the Fraud Triangle

By Sachin Maharaj The COVID-19 pandemic has only worsened an already bad economic climate for many countries around the globe. The forced lockdown and restrictions have brought many world economies to a standstill. It is widely expected that many businesses will not recover from the impact of forced closures. Many jobs will also be lost […]

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