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Casual Articles - What is Company Fraud and How Do You Stop It? (Part 1 of 2)
404 Sarbanes Oxley - The Ins And Outs
Sarbanes-Oxley is more a set of guidelines versus a set of rules; it’s ultimately an act that mandates financial accountability. The original intent of Sarbanes Oxley is about accountability of executives but has morphed into something else within many enterprises. Transparency of, and accuracy in, financial reporting is what it’s all about.Sarbanes-Oxley is every bit as pervasive as Y2K, the only difference is it has no end. Sarbanes-Oxley is designed to increase corporate transparency and reduce the time between a material loss event, and when t
rt 2 goes on to explain how you can minimize fraud in YOUR company.Sarbanes-Oxley is more a set of guidelines versus a set of rules; it’s ultimately an act that mandates financial accountability. The original intent of Sarbanes Oxley is about accountability of executives but has morphed into something else within many enterprises. Transparency of, and accuracy in, financial reporting is what it’s all about.Sarbanes-Oxley is every bit as pervasive as Y2K, the only difference is it has no end. Sarbanes-Oxley is designed to increase corporate transparency and reduce the time between a material loss event, and when t
What is Fraud?
Companies
Credit Repair Leads
If you are in the credit repair business, you may have at one time or another expressed interest in purchasing credit repair leads.Credit repair leads can be provided in many different ways. Such as referrals, a toll-free number allowing for people to contact you that may need your assistance, and a web site for people to visit to familiarize themselves with your company and educate themselves about credit repair and the services you can provide them with.Along these lines of leads, you may have considered purchasing credit repair leads fro
Did you know that it is very likely your company is a victim of fraud? In fact, it's probably happening right now! Fraud takes many forms - some obvious and well known, others subtle and unmarked. This two-part article sheds some light on the topic. Part 1 helps you determine whether your company is vulnerable to (or, indeed, already a victim of) fraud. It discusses fraud in further detail and provides definitions and real-life fraud examples. Part 2 goes on to explain how you can minimize fraud in YOUR company.If you are in the credit repair business, you may have at one time or another expressed interest in purchasing credit repair leads.Credit repair leads can be provided in many different ways. Such as referrals, a toll-free number allowing for people to contact you that may need your assistance, and a web site for people to visit to familiarize themselves with your company and educate themselves about credit repair and the services you can provide them with.Along these lines of leads, you may have considered purchasing credit repair leads fro
What is Fraud?
Companies a
7 Things You Need to Know About Employee Motivation
The process of learning how to best motivate your employees is long but rewarding. And as employee motivation is one of the greatest factors that influence your business’s ability to generate profit, it’s important that you know how to motivate the people working for you in the most effective way.7 Things You Need to Know about Employee MotivationPeople Have Different Needs – If you’ve ever had a theology class, your professor might have mentioned that people were created unique but fundamentally equal. Thus, it’s important that you treat y
w! Fraud takes many forms - some obvious and well known, others subtle and unmarked. This two-part article sheds some light on the topic. Part 1 helps you determine whether your company is vulnerable to (or, indeed, already a victim of) fraud. It discusses fraud in further detail and provides definitions and real-life fraud examples. Part 2 goes on to explain how you can minimize fraud in YOUR company.The process of learning how to best motivate your employees is long but rewarding. And as employee motivation is one of the greatest factors that influence your business’s ability to generate profit, it’s important that you know how to motivate the people working for you in the most effective way.7 Things You Need to Know about Employee MotivationPeople Have Different Needs – If you’ve ever had a theology class, your professor might have mentioned that people were created unique but fundamentally equal. Thus, it’s important that you treat y
What is Fraud?
Companies
Too Busy Earning a Living to Make a Life?
Are you unhappy at work – tired of the monotony and lack of opportunity, fed up with commuting miles every day? Sick of the weekends spent shopping and doing housework, leaving very little time for enjoyment before the whole thing starts again?If this scenario is familiar, you may be feeling stuck – trapped in a job you hate, but too tired to do anything about it.Here is one possible strategy to begin your search for a more fulfilling career and a more balanced life. Take time to do something you enjoy, and then do this on a regular basis N
some light on the topic. Part 1 helps you determine whether your company is vulnerable to (or, indeed, already a victim of) fraud. It discusses fraud in further detail and provides definitions and real-life fraud examples. Part 2 goes on to explain how you can minimize fraud in YOUR company.Are you unhappy at work – tired of the monotony and lack of opportunity, fed up with commuting miles every day? Sick of the weekends spent shopping and doing housework, leaving very little time for enjoyment before the whole thing starts again?If this scenario is familiar, you may be feeling stuck – trapped in a job you hate, but too tired to do anything about it.Here is one possible strategy to begin your search for a more fulfilling career and a more balanced life. Take time to do something you enjoy, and then do this on a regular basis N
What is Fraud?
Companies
Accomplish 20 Times as Much by Avoiding Bad Assumptions That Misdirect Your Efforts
The misconception stall is particularly harmful because some of your best people already realize that you are operating on faulty assumptions. Since actions based on those assumptions are folly, these key employees are losing faith in the future of the organization and the quality of its leadership. Soon, you may find recovery from your mistakes is made more difficult as your most talented people seek other opportunities.MISCONCEPTION: The Danger of False Assumptions AboundsHow is a misconception stall different from a disbelief stall? A di
victim of) fraud. It discusses fraud in further detail and provides definitions and real-life fraud examples. Part 2 goes on to explain how you can minimize fraud in YOUR company.The misconception stall is particularly harmful because some of your best people already realize that you are operating on faulty assumptions. Since actions based on those assumptions are folly, these key employees are losing faith in the future of the organization and the quality of its leadership. Soon, you may find recovery from your mistakes is made more difficult as your most talented people seek other opportunities.MISCONCEPTION: The Danger of False Assumptions AboundsHow is a misconception stall different from a disbelief stall? A di
What is Fraud?
Companies
Looking for Work in All the Wrong Places
The Question: After identifying a potential employer, I get contact information, do my research and send out my resume and cover letter, requesting an interview for a management or human resource position. I am listed with recruiters and staffing agencies and call them every week.I attend local networking events but end up meeting people who are also unsuccessful job-seekers. And I search the Internet bulletin boards, sending my resume and following up a few days later. Help!!!The Answer: Remember the story about the man who was searching f
rt 2 goes on to explain how you can minimize fraud in YOUR company.The Question: After identifying a potential employer, I get contact information, do my research and send out my resume and cover letter, requesting an interview for a management or human resource position. I am listed with recruiters and staffing agencies and call them every week.I attend local networking events but end up meeting people who are also unsuccessful job-seekers. And I search the Internet bulletin boards, sending my resume and following up a few days later. Help!!!The Answer: Remember the story about the man who was searching f
What is Fraud?
Companies around the world lose a staggering amount of money to fraud and abuse. According to government and private studies, the following example is typical. A manufacturing company earns $60 million in revenue and $18 million profit per year. Fraud and abuse cost approximately 6% of revenue ($3.6 million). The company's profit margin on revenue is 30%, therefore they need to generate an additional $12 million in revenue (20% additional revenue) just to c
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