Second Edition of the Fraud Risk Management Guide Released by COSO and the ACFE

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Second Edition of the Fraud Risk Management Guide Released by COSO and the ACFE

Co-published by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and the Association of Certified Fraud Examiners (ACFE), the Fraud Risk Management Guide provides direction for creating a comprehensive program to manage fraud risks within an organization. The first edition of the Fraud Risk Management Guide was published in 2016, building on the COSO 2013 Internal Controls—Integrated Framework, which outlined 17 principles associated with five internal control components. This resource provided guidance for designing and implementing systems of internal control and defined requirements for effective internal control.

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The Unseen Dangers of Influencer Fraud: A Growing Concern in the Digital Age 

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The Unseen Dangers of Influencer Fraud: A Growing Concern in the Digital Age 

In the ever-evolving landscape of the digital world, influencer marketing has taken center stage as a powerful tool for brands and businesses to reach their target audience. However, with great power comes great responsibility, and as the industry continues to grow, so does the potential for fraud. Let's delve into the world of influencer fraud and explore its many faces, consequences and potential solutions. 

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Behind the Hype: The Unhealthy Reality of Health MLMs

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Behind the Hype: The Unhealthy Reality of Health MLMs

Multi-level marketing (MLM) companies have been around for decades, but they have recently gained popularity in the health and wellness industry. You’ve seen these companies promoting on social media, like the ubiquitous “Hey hun!” in your Facebook Messenger, or perhaps even approaching you in public squares and asking to join their “exclusive” club, buy their product or join their workout group. Keywords and phrases can include: “detox” (you have a liver and kidneys for that), “lose weight fast” (diet, exercise and your doctor are your best bets here), or the worst, “cure your [ailment] with a simple supplement.”  

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Fraud Perspectives: Virtual Remote Work Forever 

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Fraud Perspectives: Virtual Remote Work Forever 

I attended this webinar from my office, formulated the coverage plan on my commute and wrote this article from my home office. This is the current remote or hybrid reality for many in the professional realm in this post-COVID-19 world. Mason Wilder, the Research Manager at the Association of Certified Fraud Examiners (ACFE), sat down with Steve Dawson, CFE, CPA, President of DFG Forensic Accounting Services, and James Rumph, CFE, CIA, CPA, Senior Director of Enterprise Anti-Fraud Nationwide, for a virtual webinar hosted by the ACFE and The Institute of Internal Auditors (The IIA). The virtual audience was comprised of more than 50% hybrid employees and almost 40% fully remote, which embodies a very real culture shift in the post-pandemic professional workforce.

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