Spotting Internal Fraud Schemes To identify whether an organization is vulnerable or has been a victim of fraudulent behavior, it is critical to spot common warning signs of internal fraud schemes. The first step is knowing where to look. The company’s general ledger (GL) is a good place to start. It is a book that can tell stories of fraud, manipulation, and betrayal. Unfortunately, few know how to read th ...

Learn the formulas, functions, and techniques that enable efficient Benford analysis of data sets.  J. Carlton Collins, Journal of Accountancy contributing editor, looks into this issue and provides some very useful tips and insights. To read the full article in JofA, click: Using Excel and Benford’s Law to Detect Fraud. ...