Posts tagged as:

doctors

The Fraud Triangle: Rationalization

by John February 25, 2010
Thumbnail image for The Fraud Triangle: Rationalization

Criminologist Donald R. Cressey identified three traits that are commonly present when people perpetrate fraud. Cressey created an hypothesis known as the ‘fraud triangle.’ The three sides of the fraud triangle are: Rationalization – Since the majority of individuals who commit serious occupation fraud are not career criminals, they feel a strong need to justify [...]

Read the full article →

Professional Services Firms Need the Right Extra Expense Coverage and a Rock Solid Business Continuity Plan

by John February 19, 2010

I am often asked to assist professional services firms, such as attorneys, accountants, engineers, and doctors, with estimating their business income values at risk.  My advice to professional services firms is often the same:  assume you will collect nothing for your lost business income.  I know that this advice sounds harsh and may seem shocking. [...]

Read the full article →

How to Deter the “Medicare” Scam

by John January 11, 2010

Once again, the issue of fraud is making a big splash on major news networks. No one is exempt from fraud and quite often, government contractor cases are huge. But just because your business is not at risk for a multi-million dollar theft, that doesn’t mean that you should be any less vigilant about fraud. [...]

Read the full article →

Pay Attention to Franklin if You Want to Keep Your Benjamins

by John January 4, 2010
Hutson Resource Group, Forensic Accountants

I will admit that I don’t know as much as I should about American history. To be honest, I just didn’t pay attention to history lessons while I was in school. Now that I’m a little older (ahem!), I do find it to be more interesting. Last winter, I watched with fascination the HBO mini-series [...]

Read the full article →

The Fraud Triangle

by John December 24, 2009
Thumbnail image for The Fraud Triangle

There are absolutely no hard and fast rules for all of the characteristics of individuals who commit occupational fraud.  Every single person has his or her own traits and motivations.  However, there are some characteristics that are common to many fraudsters. These characteristics were identified by criminologist Donald R. Cressey while he studied embezzlers.  He [...]

Read the full article →

Top 5 Tips to Deter Fraud

by John December 15, 2009

Are you a doctor or other small business owner? Here’s my best advice to you for deterring fraud in your small business: Take a few minutes each month to personally review the bank statement for your business.  Make sure that it is common knowledge that you do this every month. Segregate check payment, bank account, [...]

Read the full article →