D&M Fraud Advisor Newsletter

Spring 2024

Lori Beirman

Featured Article from Our Experts

Knowing the Signs: Behavioral Red Flags

Occupational fraud is a significant threat to organizations of all sizes and involves employees engaging in fraudulent activities against their employers. Despite an organization having preventive measures, research indicates that over time, there is a likelihood that an employee will engage in fraudulent behavior. This article discusses practical strategies organizations can implement to detect and combat occupational fraud. You will also learn how to proactively identify behavioral red flags to help mitigate risk.

Generative AI Can Help Prevent, Detect and Investigate Fraud

Generative AI (Gen AI) is a cutting-edge technology with the potential to revolutionize how companies combat fraud threats by enabling them to make “digital decisions.” However, the law governing Gen AI is still evolving, and potential ethical pitfalls exist. This article delves into the intricacies of this technology and provides insights on how businesses can leverage it. It also highlights the risks of utilizing Gen AI in fraud detection processes.

Need to Know: What To Tell Employees About Your Antifraud Efforts

Although it’s important to inform workers about your company’s antifraud controls, be careful not to share too many details. The objective is to deter theft, not to reveal workarounds to would-be criminals. This article will review some commonly used antifraud strategies and how you might communicate them to workers.

Are Vendors Cheating Your Company

Vendor fraud poses a significant threat to businesses in the U.S., resulting in substantial financial losses annually. These fraudulent schemes are often intricate and challenging to detect, making it crucial for companies to be vigilant. This article explores various types of vendor fraud that companies may encounter and provide insights into implementing effective controls to mitigate such risks.

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About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. We provide all types of clients with a powerful ally in the ongoing resistance to accounting-related fraud. We understand the complexities and ever-growing challenges associated with this issue and have built a team of experts to help you. We specialize, not just in exposing fraudulent activities that may have already occurred, but also in effectively preventing them from happening in the first place.

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DM Financial Plaza, 221 South Warren Street, Syracuse, NY 13202

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To learn more about Dannible & McKee, visit us at: www.dmcpas.com.