The article discusses the role of investors and turnaround professionals in addressing fraud within a company. Several types of fraud that may exist in a company are mentioned, including asset misappropriations, corruption fraud and financial reporting fraud. It is deemed that small, family-owned ...
The article reports on the issues concerning company reputations particularly financial services companies that need an effective plan to win against internal fraud. In this context, the author provides an example of a company that suf...
developing stents. The work was a far cry from his experience, but the new problems tested his skills. It didn’t last. After refusing to work outrageously long hours, Gregory was fired. Richter suggested Gregory simply set up his own company. The two founded Medinol...
Open AccessArticle by Nafisah Yami 1and Jannine Poletti-Hughes 2,* 1 Accounting Department, College of Business Administration, King Saud University, Riyadh 12372, Saudi Arabia 2 Management School, University of Liverpool, Grove Building, Liverpool L69 7ZH, UK ...
In this work, we present a cutting-edge NLP model tailored for the intricate nuances of the financial domain, aiming to identify and discern potential fraudulent activities embedded within financial texts. At the core of our contributions is the FinChain-BERT, a model crafted explicitly for ...
Corporate fraud is the broad category of illegal activities carried out by a company or individuals within it. Accounting fraud falls under this umbrella.Corporate fraudalso includes insider trading, bribery, money laundering, tax evasion, and other forms of financial and nonfinancial misconduct. A ...
Aside from being responsible for fraud-related losses, a negligent board member could further hobble operations when it comes to insurance. “Insurance policies always have exclusions and they are usually specific, which varies on a fact to fact basis,” says Peyton. “The insurance company will ...
The actions all should be within the context of establishing an appropriate fraud strategy and paying careful attention to customer experience (Exhibit 2).2Fraud strategyCompanies need an end-to-end fraud strategy optimized across the full ecosystem. The fraud strategy shou...
Luckily, having a well-defined response plan in place can minimize damage when suspected fraud occurs. This plan should outline specific steps to be taken the moment fraud is detected, including who within the organization should be notified, how to stop ongoing transactions, and the process for...
The monitoring effect of their presence could decrease the fraud occurring within a company. However, multiple large shareholders may also tunnel a company, thus reducing the effectiveness of corporate governance and leading to an increase in corporate fraud. Hence, this issue represents an empirical ...