Companies are slowly converting check payments into wire-transfer, ACH-debit and purchasing-card transactions.
The Securities and Exchange Commission is ferreting out fraud and fake financial reporting with renewed zeal, attorneys and investigators find.
Employee fraud can exist anywhere, but CFOs can stay ahead of the game by monitoring some specific payment and expense areas.
Among the different kinds of cheating, the steepest rise this year was in vendor, supplier and procurement fraud, which jumped 7 percent, a study finds.
Potential drains on cash flow and perverse medical and legal incentives make workers' comp worthy of CFO scrutiny.
The case for finance chief involvement in workers’ compensation risks is buried in cash-flow and income statements, as well as balance sheets.
Deficiencies in audits of internal controls can lead to inadequate disclosures in the financial statement audit, says a new PCAOB practice alert.
The insurer's top internal auditor works with the CFO and the chair of the audit committee to prevent financial misstatements.
Good internal controls need to start at the top of a firm. But they must be carried through to all levels, say experts.
CFOs should apply a similar degree of governance over their organization’s proprietary knowledge as they would over an individual’s personal data.
Scott Rothstein needed a big financial institution to keep his scam going. TD Bank should have managed its risks better.