Today’s businesses operate in an era of hyper-connectedness and, unfortunately, a burgeoning global cybercrime industry. You can’t afford to hope you’ll luck out and avoid a cyberattack. It’s essential to establish policies and procedures to minimize risk. One specific area on which to focus is your employees.
Topics: Red Flag Reporting, cybersecurity, Uncategorized
Voluntary Protection Program Act
Topics: Red Flag Reporting, Uncategorized
Workplace fraud is a legitimate threat around the country. Recent estimates of the cost of employee theft and fraud to U.S. businesses range from $20 billion to $50 billion a year. No business, regardless of size or nature, appears immune.
Topics: Red Flag Reporting, Fraud, Fraud Prevention, Theft, Uncategorized
Business owners do not expect to have trusted employees steal from them. And when we mention "identity theft," most people think of individual identities. Unfortunately, identity theft can also strike businesses — including those in the construction industry. Recently, a plumbing contractor learned this the hard way. Our fraud prevention and detection group offers the following story, with some tips for preventing business identity theft and a Smith & Howard resource to help.
Topics: Red Flag Reporting, Construction, Fraud, Fraud Prevention, Identity Theft, red flag services, Uncategorized
If your nonprofit became a victim of fraud, it wouldn’t just hurt your organization’s bottom line — the infraction also could do devastating damage to your reputation. By implementing some simple controls, though, your organization can help protect itself from these risks.
Topics: Red Flag Reporting, Fraud, Fraud Hotline, Fraud Prevention, Nonprofit, Risk Assessment, Segregation of Duties, Uncategorized
As organizations continue to seek efficiencies by outsourcing services and goods, they have become more vulnerable to procurement fraud. Below are warning signs of procurement fraud that all managers, board members and advisors should be alert for.
Topics: Red Flag Reporting, Uncategorized
Georgia's nonprofits recognize Smith & Howard as the premier nonprofit CPA firm in Atlanta and throughout our state. Nonprofits benefit from our nonprofit accounting knowledge and expertise in audits, tax Form 990, board governance and strategic planning. Our significant nonprofit client family is an extension of Smith & Howard’s interest in, and commitment to, our community. No one knows, understands or is as committed to nonprofits as the nonprofit accounting team at Smith & Howard.
