Manufacturing and Distribution

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Tips for a Successful Audit

The end of the year is fast approaching and not only does that mean we are in the holiday season but, for many companies that means it’s time to start preparing for the annual audit. 
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Tools for Uncovering Financial Statement Fraud

Financial statement fraud is committed by intentionally misrepresenting an organization’s financial condition. A perpetrator might do this by omitting or misstating amounts or information to deceive auditors, shareholders and the public. However this fraud is committed, it tends to be one of the most costly schemes for the victimized companies.
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How Proactive Fraud Detection Stops Thieves in their Tracks

When employees commit fraud, it can take months, even years, for their employers to discover the theft. But proactive fraud detection makes it possible for businesses to detect fraud schemes earlier - long before they generate significant losses.
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Technology’s Dark Side: How to Prevent ACH Fraud

The convenience of instantaneous information can blind us to technology’s drawbacks, including cyber attacks and data breaches. But there’s another, lesser-known technology-enabled crime to watch for — Automated Clearing House (ACH) fraud.
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3 Good Reasons to Conduct Background Checks When Hiring

Many employers use background checks as a regular part of their hiring processes. If yours is a smaller organization, you may understandably feel pressured to hire good candidates quickly. After all, you don’t have the hiring resources of a larger organization and might really need the help. But, in today’s
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Why You Need a CPA on Your Fraud Litigation Team

Even an extensive fraud prevention program can’t guarantee your company will escape fraud-related legal action. If you decide to initiate a civil suit or press criminal charges against an employee involved in fraud, you’ll need every resource at your disposal. One of the most critical is the expertise of a
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Build a Solid Frame for Your Performance Management System

To succeed at executing an effective performance management system, you need to build a solid frame by recognizing the foundational details. Done right, however, this system can provide a solid structure for maximizing performance and helping employees envision their future with your organization.
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Thorough Due Diligence Can Protect Your Acquisition From Fraud

In today’s rough-and-tumble world of mergers and acquisitions (M&As), buyers need to get to know business sellers and their executives, test their representations about asset condition and financial performance, and screen for common fraud schemes.
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Why Limited Partnership Fraud is Easy – And How You Can Stop It

Sometimes it happens: General partners (GPs) of a limited partnership intentionally mismanage the business or commit fraud. If you’re a limited partner (LP) in such a partnership, it’s important that you recognize the signs that something’s amiss.
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Pay-for-Performance Compensation has its Ups and Downs

How employers go about compensating employees remains a major factor in encouraging staff members to do their best work. One compensation model that has beckoned many organizations is pay for performance.
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3 Positive Ways to Effectively Address Employee Mistakes

In all companies, things can and do go wrong, and employees mishandle their assigned tasks and sometimes those mistakes are significant and costly.
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Providing Insurance (and peace of mind) as a Fringe Benefit

The environment for hiring and retaining top-notch employees remains competitive. One strategy for combating high turnover rates is offering a competitive package of employee benefits that goes beyond health care coverage and a retirement plan. This is where the right fringe benefits can really pay off.
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Don’t Let Lapping Fraud Run Circles Around Your Business

Lapping, or using receipts from one account to cover theft from another, is one of the most common methods of skimming from company accounts. But with vigilance — and a little knowledge — you can prevent this type of fraud from damaging your business.
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An Anonymous Hotline Can Encourage Employees to Report Fraud

Anonymous hotlines an effective method of uncovering occupational fraud. But while the mere existence of a hotline can prompt second thoughts in employees tempted to commit fraud, it usually isn’t enough to encourage reporting of fraudulent activities.
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Possible Tax Reform Could Affect Timing Strategies

Projecting your business income and expenses for this year and next can allow you to time when you recognize income and incur deductible expenses to your tax advantage. Typically, it’s better to defer tax. This might end up being especially true this year, if tax reform legislation is signed into
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