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The Audit Connection Blog

Results for: Fraud


Are your ACH internal controls strong enough to protect you from fraudsters? SAO has a new resource to help you

August 31, 2022

Fraudsters can impersonate your employees and vendors to redirect Automated Clearing House (ACH) payments meant for payroll direct deposits or vendor payments. You need to stay vigilant and ensure your government has strong internal controls. To help you, SAO has developed a new guide that offers advice on developing ACH payment process policies and employee training, establishing a verification process, and monitoring for unauthorized payee account changes.

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How to prevent ACH and bank fraud

November 18, 2021

Automated Clearing House (ACH) frauds have been on the rise for a while, and we want to tell you some simple steps you can take to properly verify ACH and payroll bank account changes before making changes.

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Beware of employee fraud in the digital payment age

November 17, 2021

Local governments are moving away from traditional paper checks to more efficient and lower-cost digital payments, like direct deposit, automated clearinghouse (ACH) payments, electronic funds transfers (EFT), and wire payments. And the benefits are clear: You can pay a variety of vendors seamlessly, process employee payroll faster, and easily transfer funds between multiple bank accounts.

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Protect your government from credit card fraud

November 16, 2021

The COVID-19 pandemic has likely forever changed how we purchase goods and services—at home and at work. E-commerce and contactless payment options have become the norm, and many governments have transitioned to using credit cards for the majority of purchases and for receiving payments. But as more online transactions occur, fraudsters also have more opportunities to steal credit card information. And judging from loss reports to the State Auditor’s Office, the fraudsters are finding success in their schemes.

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