Here are four surprising ways to protect yourself in a law suit and keep legal fees to a minimum. Kevin Daum at Inc. advises: “Shakespeare said, “First kill all the lawyers.” Maybe this seems a tad aggressive, but then again, for most people the last thing you look forward to is someone showing up at your door with a subpoena. Whether a lawsuit is business related or personal, the thought of engaging an attorney for protracted litigation can strike fear into a person’s heart.” Not only is there emotion and argument to contend with, but the sheer agony of…
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Avoiding the “Why Me’s”: Easy-to-Implement Steps to Mitigate Fraud Risk Financial fraud can be devastating and fiscal, legal, and developmental repercussions can impede the operations of a business for years after an incident. Paul E. Zikmund takes us through his four-step process to actively deter fraud within an organization.
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Whether you are engaged in a business valuation or a forensic investigation, do you know exactly what to do if you suspect that an employee of the subject company is committing theft? Darrell Dorrell and Gregory Gadawski provide company owners, CFOs, valuators, and forensic accountants with a check list of how to proceed in fraud investigations. The key procedural ingredient is caution. Here’s why.
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Learn How the Pros Take Down an Embezzlement Scheme and Gather Tips on How to Best Defend Your Own Practice. Mark S. Warshavsky reviews Stephen Pedneault’s Anatomy of A Fraud Investigation. The book combines a step-by-step recounting of best practices with real-life drama as investigators discover, investigate, and resolve a fraud incident—a fantastic guide to how to defend against and uncover fraud.
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Tracy L. Coenan published a succinct guide to fraud analysis last year in the Wisconsin Law Journal that’s very much worth reading. Excerpt:
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Corporate investigation may lack the glamour of Bond and Bourne, but the two worlds aren’t so far removed. Former Kroll analyst Chris Morgan Jones tells The Independent’s Tim Walker why. Due diligence and forensic accounting don’t set the pulse racing like, say, the trailer for the latest 007 movie, so it’s quite a feat for Morgan Jones to have conceived a thriller about business intelligence that is genuinely thrilling. His debut novel, An Agent of Deceit, sees corporate investigator Ben Webster sent to explore the dealings of a shady Russian oligarch. Like vintage Le Carré, it takes the reader on…
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This piece really has no new information in it, so if you’re looking for that, you can stop reading here. Instead, it’s for Anglophiles. Observers of British culture. The BBC recently posted rather prominently a piece pondering the tragedy of the human condition wistfully, as it so often does. Well, that’s not quite what the article was about. Actually, it’s rather hard to tell what the article is about! BBC begins by saying that those guys on Wall Street use algorithms and financial models—and one model in particular, it tells us in the first paragraph—”helped to blow up…
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IT Guru Turns Out to Be Security Hole Roger Kay reports at Forbes: Small businesses have become a choice target for hackers, but by far the most common — and devastating — attacks on small businesses are inside jobs. This is the story of one such assault. The target (we’ll call him Peter) trusted his IT guy (Joe, for our purposes) because Joe worked magic. Peter didn’t understand exactly what Joe was doing, but had to trust him anyway because Peter couldn’t perform those functions himself. Ironically, in his former life, Peter was CFO at a large oil company and…
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LinkedIn Features Booming CVA/AVA Activity Have you visited LinkedIn lately? The NACVA AVA/CVA Certification group as of this writing has 935 members. Follow the link and join in the conversation! This year is NACVA’s 20th Anniversary. What milestones do you remember being a part of? QuickRead’s Conversations with the Masters staff is preparing for an interview with Shannon Pratt. Do you have questions you suggest we pose him? Other LinkedIn conversations have ranged far and wide, with Association folks sharing information and offering tips on everything from how best to use the ValuSource Report Writer, the proper applicability of Benford’s…