Washington Post Study Targets Fraud Disclosures
More than 1,000 nonprofits checked the box on Form 990 for reporting a “significant diversion” of assets, according to a WashingtonPost.com article on the “hidden world of thefts, scams and […]
Embezzlement Scam Linked to Maintenance Contracts
A former mechanic, with authority to approve some maintenance contracts, recently pled guilty to stealing $1.1 million from the Woodruff Arts Center, the Atlanta area’s largest cultural center. He faces […]
How to Reduce Inventory Risk in Your Business
Study the balance sheet of most retail or manufacturing businesses, and you’ll find inventory near the top of the asset list. Accountants define inventory as raw materials, supplies, work in […]
Safeguards for Reducing Employee Theft
The U.S. Commerce Department estimates that American companies lose $20 billion to $40 billion annually to employee theft. It’s a huge problem, and small retail businesses tend to suffer disproportionately. […]