New technology gives us better ways to identify and stop fraud before it’s a high exposure loss.
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To navigate the chaos of the market, every enterprise needs discipline, direction, and order. COOs uphold these standards. Increasing customer satisfaction under the shifting trends and preventing losses while improving profits are challenges a COO faces every day. How does a savvy COO overcome these challenges?
If you work in a company or an organization that wants to improve the effectiveness of risk management and governance…
Reimbursable employee expenses are a significant cost for most businesses, and unfortunately, they are often a source of fraud by unscrupulous employees. To combat this, businesses typically rely on auditing employee expense reports manually. As this is a tedious and very labor-intensive process, usually only 10% of all the receipts get audited. Thus businesses have an increased risk of expense report fraud going undetected.
Fraud isn’t something new, but it is becoming more complex and sophisticated. From bribing exam administrators to CFOs conducting unethical transactions, these five fraud cases were some of the most shocking for 2019.
