Taking the Risk Out of Risk Assessment

“Risk assessment is at the core of every audit. The goals of identifying, assessing, and responding to risks of material misstatement (“risks”) drive every audit procedure, from gaining an understanding of the entity and its internal control to vouching transactions back to vendor invoices. However, more than a decade after the 2006 Risk Assessment Standards

Know Basic Business Fraud Warnings

“From hourly employees skimming the cash register to top executives fudging their revenue numbers, fraud is an unfortunate fixture of the business landscape.  But while fraud may be a constant concern, falling victim to it isn’t inevitable.  Here are some red flags that experienced forensic accountants look for, and advice for ways to ferret out

Report Finds Big Fraud Problems for Small Businesses

A report conducted by the Association of Certified Fraud Examiners states that small businesses with 100 or less employees are more likely to experience fraud than their larger business counterparts (companies with more than 100 employees). This can spell big, not to mention expensive, problems for small business. To read the article “Report finds big