International Fraud Awareness Week is November 16 – 22, 2014 Employee theft and fraud plagues all organizations, regardless of industry and size. What is unfortunate is that most companies do not take the time to implement preventative and detective strategies to protect the bottom line from these kinds of losses. It’s not a matter of… Read More »
Author: ARASTL
Assumptive vs. Behavioral Based Interviewing
Are You Hiring Ethical Employees? When discussing interview techniques I often get asked, what’s the difference between assumptive and behavioral interviewing. Most interviewers use the behavioral based interview style. When looking to assess a persons integrity, their background and overall character, I recommend using more of an assumptive based interview approach to get closer to… Read More »
Does your Business Have a Code of Conduct in Place?
Society enforces rules for children, citizens via laws and in the world of sports. The same applies to the business culture. Most of us would agree those in power need to “walk the walk” and set the tone, maintaining integrity and moral values. Strong global brands, for example Coca Cola, have instituted a 50+ page… Read More »
How to Prevent Hiring an Unethical Candidate
Most people have probably heard of handwriting analysis, but many aren’t familiar with the process of Statement Analysis for pre-employment purposes. Statement Analysis is an advanced investigative technique administered to guide employers during the selection and hiring process. Since 53% of all job applications contain inaccurate information and 11% of all applicants misrepresent why they… Read More »
How Corporate Culture Can Prevent Fraud
Did you realize that companies that create a positive culture and ethical management style could prevent fraudulent activity? Fraud prevention is greatly reduced when upper management establishes a proper ethical code of conduct valuing integrity, encouraging open and honest communication. Surveys conducted to measure employee satisfaction show that those employees happy with company culture are less… Read More »
Expense Fraud is Costly but Preventable
It is just a few dollars here and there, right? An employee may take a carefree stance on the use, or in this case misuse of employee funds from time to time, but expense fraud is a crime. And it is more than a few dollars on simply an accounting or human error. The median… Read More »
Fraud Training in the Healthcare Industry
The healthcare industry, in its unique regulations, systems, procedures and records, is plagued by an estimated $80 billion a year in fraud (according to the FBI). Healthcare fraud training will ensure your staff knows the warning signs and what action to take if fraud is suspected. It would be ideal to have all managers and… Read More »
Why the Healthcare Industry Can not Afford Vendor Fraud
Between 1990 until a few years ago in 2011, the Justice Department reclaimed nearly $3 billion from prosecuting fraudulent activity in healthcare. Millions more was never recovered. Don’t think your practice could be a victim? Even with internal measures in place vendor fraud can still happen. Vendor fraud can take on many forms. Fictitious vendor… Read More »
Pre-Employment Assessments: Helping Companies to Screen Applicants
According to an article by Lisa Quast, a contributing writer for Forbes, pre-employment assessments can provide benefits beyond hiring qualified candidates. “I have found pre-employment tests to be beneficial in helping to screen and select the best candidates for jobs, but there are legal issues that can arise if the tests are not valid, reliable,… Read More »
Kickback Schemes are Devastating to a Non-Profit
Non-profits must follow strict measures to stay in compliance with non-profit status. Fraudulent schemes can hurt those efforts to maintain an ethical, well-respected non-profit. A kickback occurs when an organization overpays for goods and services, and a vendor gives part or all of that overpayment to the perpetrator. Unfortunately, it is often not difficult for… Read More »