Last year we published this blog, Fraud Deterrence for Small and Medium Enterprises (SMEs), tohighlight the common organizational fraud that SMEs experience. Billing schemes are one such type of fraud. What is a Billing Scheme? A billing scheme fraud occurs when by deception the organization makes a payment to an employee and record it as […]
Author Archives: Nana Baah Asiedu
08
Oct
Oct
Employees and their accomplices committed 90% of bank frauds in 2017. Fraud or attempted fraud amounted to GHC 190.38M and actual losses through fraud was GHC30.8 in 2017[i]. Global occupational fraud cost organizations more that USD 7 billion in 2018 in cases reported to ACFE, and it estimates total global fraud loss of about USD […]
25
Feb
Feb
Anxiety. Fear. Stress. These are common feelings people have when it’s time for an external audit. And I can understand those feelings. An audit puts people’s work under scrutiny, and some have had poor experiences with auditors in the past. Yes, some auditors are tough to love. But your fears and anxieties are often the […]
