Hot Topics

  • Scratch & Scam: Lottery Losses Article by SDCCPA

    Scratch & Scam: Lottery Losses

    At today’s convenience stores and gas stops, customers can fuel their cars, pick up a quick snack or cup of coffee, and take a chance at winning millions. Convenience stores and gas stops make a steady income from the sale of lottery tickets and online lottery sales. The lottery sales are also a draw to […]

  • Scientia Potentia Est Article by SDCCPA

    Scientia Potentia Est (Knowledge is Power)

    The 2018 Global Study on Occupational Fraud and Abuse is hot off the press – and it’s an important resource for anyone interested in occupational fraud. The report includes valuable information on how fraud is committed, how it’s detected, who commits it, and how organizations can protect themselves. Compiled by the Association of Certified Fraud […]

  • Contacting the Police Article by SDCCPA

    Contacting the Police

    A recent study by the University of Cincinnati found 64% of small businesses surveyed to have experienced employee theft. The study surveyed 314 small business owners in Cincinnati in a range of industries: finance and banking, manufacturing, service, and restaurant and retail. Despite the high number of incidences of employee theft, only 16% of those […]

  • Non-Profits Easy Targets for Fraudsters Article by SDCCPA

    Non-Profits – Easy Targets for Fraudsters

    Caring Hands was a non-profit organization providing mental health care and substance abuse rehabilitation services in Pennsylvania. Ms. Graham, one of Caring Hands’ social workers, visited clients’ homes to provide social services for families and children. Ms. Graham would compile case notes and information for families and children and submit timesheets to Caring Hands; Caring […]

  • Inventory 101 Article by SDCCPA

    Inventory 101

    When a company’s inventory count comes up short, the hunt for the missing inventory begins. Are employees are stealing from the warehouse in the middle of the night? Is a dishonest bookkeeper recording fictitious purchases and pocketing the difference? Possibly. But while employee theft may be the reason, less nefarious causes might be to blame. […]

  • What is Your Roomba Vacuuming Up Article by SDCCPA

    What is Your Roomba Vacuuming Up?

    Facebook, Bluetooth, the iPod, “smart” televisions: innovations in the past few years have transformed the way we live. Nearly two-thirds of Americans own a smartphone. By 2020, it is expected each person worldwide will have more than six connected devices on average. The “internet of things” is a technological development with an increasing presence in […]

  • Opportunity Not Gender Matters Article by SDCCPA

    Opportunity, Not Gender, Matters

    Mary, Dr. Martin’s “second wife”, worked as the doctor’s office manager for thirty years. Mary knew Dr. Martin’s habits. She managed the practice, had access to company and personal credit cards, performed banking and even picked up Dr. Martin’s dry cleaning. A trusted employee, Mary was efficient. Mary was nice. But Mary was a thief – […]

  • Establishing a Company Social Media Policy Article by SDCCPA

    Establishing a Company Social Media Policy

    Richard Hy, a New York policeman, found out the hard way that joking on social media about stealing cocaine from the evidence room was a bad idea. Hy was suspended without pay. A waitress was recently fired for posting complaints about a customer on Facebook. A woman lost a job offer at  Cisco because of […]

  • Whistleblower Hotlines article by SDCCPA

    Whistleblower Hotlines: A Powerful Tool in the Fraud Prevention Toolbox

    Tips are one of the most common fraud detection methods. In 2016, the Association of Certified Fraud Examiners analyzed more than 2,000 cases of occupational fraud in 114 countries. In approximately 39% of cases, the fraud was discovered by receiving a tip. Organizations with reporting hotlines are more likely to detect fraud than organizations without […]

  • The Face of Fraud Article by SDCCPA

    The Face of Fraud

    Crime tends to require three elements: motive, desire and opportunity. Employee theft is no different. Being aware of the reasons leading up to employee theft and learning to identify likely perpetrators can give employers a leg up on protecting their companies from theft. Motive & Desire Employees who steal usually have their motives. For example, […]

  • Who's on Your Payroll Article by SDCCPA

    Who’s on Your Payroll?

    Make no mistake. Payroll fraud is real. Recently, the Association of Certified Fraud Examiners (ACFE) found payroll fraud occurred in 27% of all businesses, nearly twice as often in small businesses. Worsening the outlook, payroll fraud lasts for an average of three years, with businesses taking a median hit of $145,000.00. That’s three years of […]

  • Home Sweet Home Article by SDC CPA

    Home Sweet Home

    Sunset Villas is a condominium complex with fifty units on the shores of Lake Michigan. Owners pay $550.00 a month in dues towards neighborhood and maintenance, including the upkeep of the pool and common areas. When the owners hired a property management company, they didn’t realize Sunset Villas was a tempting, lucrative target. Homeowners associations […]