MANAGING THE RISK OF FRAUD IN OUTSOURCED PAYROLL SYSTEMS
MANAGING THE RISK OF FRAUD IN OUTSOURCED PAYROLL SYSTEMS By Darrell Smith CFE, ARM, CIM, FCSI Recently we completed a fraud investigation...
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Feb 16, 20237 min read
THE ART OF CONDUCTING EMPLOYEE REFERENCE CHECKS
THE ART OF CONDUCTING EMPLOYEE REFERENCE CHECKS In risk management one of the four main categories of loss is Personnel Losses. Personnel...
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Sep 15, 20227 min read
WHAT HAPPENS WHEN VENTURE CAPITAL STOPS INVESTING IN YOUR START-UP?
WHAT HAPPENS WHEN VENTURE CAPITAL STOPS INVESTING IN YOUR START-UP? Recently I read a local article that said a sixteen year old had...
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Jun 20, 20227 min read
ENTERPRISE RISK MANAGEMENT - EXPECT THE UNEXPECTED
ENTERPRISE RISK MANAGEMENT–EXPECT THE UNEXPECTED Whenever I hear the word “ENTERPRISE” It always reminds me of the U.S.S. Enterprise the...
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Jun 3, 20226 min read
MANAGING NET INCOME LOSS EXPOSURES
MANAGING NET INCOME LOSS EXPOSURES Back in December of last year, I woke up one morning to find that I had no water because of a water...
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Apr 7, 20226 min read
THE OTHER PANDEMIC - EMPLOYEE FRAUD
THE OTHER PANDEMIC – EMPLOYEE FRAUD I’m writing this to raise a red flag to employers in regards to the amount of employee fraud...
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Jan 31, 20226 min read
V.I.P. SECURITY IS NOT JUST FOR V.I.P.'S ANYMORE
V.I.P. SECURITY IS NOT JUST FOR V.I.P.’S ANYMORE It’s time to review your personal security After having discussions with some of my...
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Jan 17, 20224 min read
BACK TO THE FUTURE - How Software Enhances Risk Management
BACK TO THE FUTURE – How Software Enhances Risk Management By Darrell Smith CFE, ARM, CIM, FCSI Back in 1985 two accountants from...
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Nov 19, 20213 min read
WHEN DOES AN EMPLOYEE GO FROM BEING A HUMAN RESOURCES ASSET TO A HUMAN RESOURCES LIABILITY?
Darrell Smith CFE, ARM, CIM, FCSI WHEN DOES AN EMPLOYEE GO FROM BEING A HUMAN RESOURCES ASSET TO A HUMAN RESOURCES LIABILITY? There is an...
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Apr 29, 20216 min read
WHY SMALL BUSINESS AND START UPS NEED A GOVERNANCE AND COMPLIANCE PROGRAM.
WHY SMALL BUSINESS AND START UPS NEED A GOVERNANCE AND COMPLIANCE PROGRAM. Darrell Smith CFE, ARM, CIM, FCSI Most small businesses are...
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Mar 5, 20217 min read
NOT HAVING A WHISTLE BLOWER HOTLINE IS LIKE GOING HOME AND LEAVING THE DOORS UNLOCKED AT NIGHT
NOT HAVING A WHISTLE BLOWER HOTLINE IS LIKE GOING HOME AND LEAVING THE DOORS UNLOCKED AT NIGHT. Darrell Smith CFE, ARM, CIM, FCSI You...
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Mar 5, 20214 min read
BECAUSE OF COVID 19, IT'S TIME FOR A STRATEGIC MANAGEMENT RISK ASSESSMANT!
BECAUSE OF COVID 19, IT’S TIME FOR A STRATEGIC MANAGEMENT RISK ASSESSMANT! Darrell Smith CFE, ARM, CIM, FCSI In November of 2019, we ran...
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Mar 5, 20215 min read
HOW TO PREVENT AND DETECT EXPENSE ACCOUNT FRAUD
HOW TO PREVENT AND DETECT EXPENSE ACCOUNT FRAUD Darrell Smith CFE, ARM, CIM, FCSI It’s hard not to have noticed all the corporate...
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Feb 4, 20204 min read
WHY EMPLOYEES STEAL
Darrell Smith CFE, ARM, CIM, FCSI Whether you are in manufacturing, retail or a service industry. Your employees steal from you for all...
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Oct 24, 20162 min read
SHOPLIFTING-What Retailers Can Do To Prevent Theft
Darrell Smith CFE, ARM, CIM, FCSI Shoplifters- The National Retail Federation reports that one out of every ten shoppers attempts to...
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Oct 17, 20162 min read
Managing Business Reputation Risk
MANAGING BUSINESS REPUTATION RISK Darrell Smith CFE, ARM, CIM, FCSI East Coast Fraud & Risk Management Group - www.eastcoastfraud.ca Most...
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May 9, 20144 min read
How to Use Corporate Culture to Prevent Fraud
How to Use Corporate Culture to Prevent Fraud Darrell Smith CFE, ARM, CIM, FCSI Corporate Culture can be described as “The beliefs and...
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Apr 14, 20144 min read
REDUCING THE RISK OF BUSINESS IDENTITY THEFT
REDUCING THE RISK OF BUSINESS IDENTITY THEFT Darrell Smith CFE, ARM, CIM, FCSI Most of us are familiar with personal identity theft,...
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Mar 5, 20145 min read
The High Risk of Fraud in the Accounting Department
Darrell Smith CFE, ARM, CIM, FCSI No where in an organization is the opportunity for fraud the greatest and the catastrophic losses the...
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Jan 5, 20146 min read
How Not To Lose Your Life Savings to Fraudulent Investments and Advisors
How Not to Lose Your Life Savings to Fraudulent Investments. As a former stockbroker turned fraud examiner, I am always dismayed when I...
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Nov 7, 20135 min read