How Many of Your Primary Controls Are Preventive?
Fraud detection is good. Preventing fraud in the first place is even better.
Nikola Founder Charged With Fraud
The SEC said Trevor Milton repeatedly provided false and misleading information to investors, often communicated to them through social media.
Nasdaq to Buy Financial Fraud Detection Company Verafin
The $2.75 billion deal is the largest for the exchange since it acquired OMX in 2008 for $3.8 billion.
Court Orders Release of PPP Borrower Details
The decision was a victory for media organizations that sued the SBA for access to data about roughly $600 billion in COVID-19 loans to small businesses.
Former Brixmor Property CFO and CEO Charged with Accounting Fraud
The SEC charged the company and four former executives with manipulating non-GAAP measures.
SeaWorld Attorney Charged with Insider Trading
Associate general counsel Paul Powers traded on nonpublic information that SeaWorld's earnings would exceed expectations.
Confronting the Harsh Realities of ‘Cross-Industry’ Fraud
CFOs should be alert to the growing threat from professional thieves who perpetrate the same types of fraud across multiple industries and sectors.
SEC: Telecom Firm Artificially Boosted Revenue
How many schemes did telecom expense management company Tangoe have for recognizing revenue improperly and hiding its pre-tax losses?
SEC Charges Citigroup for Internal Controls Failure
A Citigroup subsidiary failed to detect fraudulent invoices and work estimates in a receivables factoring program for an oil industry provider.
How to Spot a Fraudulent M&A Target
Here are some of the red flags of fraud that CFOs should watch out for when conducting due diligence.
Rev Rec Poses Health-Care Pricing Problems
As the industry consolidates, health-care CFOs will encounter a plethora of revenue streams that need to be accounted for.