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The Audit Connection Blog

Results for: Fraud


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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Board members have a role to play in fighting fraud

November 15, 2021

Electeds and boards are responsible for ensuring management has designed and put in place effective controls to manage fraud risk. In this article, we examine the role of electeds and boards – shorthanded throughout as “boards” – in preventing fraud, and offer tips to implement customized policies and best practices.

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