Is Fraud Auditing About Mitigating or Managing Risk?
Leonard W. Vona Blog
by Leonard W. Vona
3w ago
Current audit standards call for us to use a mitigation standard when it comes to audits This means that unless you want to be an outlaw, your assessment will end with mitigate. However, the question I want you to ask yourself is, right now do we have enough information to properly assess the mitigate question ..read more
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A New Model for Assessing Fraud Risk Management
Leonard W. Vona Blog
by Leonard W. Vona
1M ago
Let me introduce a new model for assessing fraud risk mitigation. Before you read my blog, remember sarcasm is good, if it makes you think. Remember our theme, to look behind the curtain. The curtain is the current professional audit standards ..read more
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Where are the Fraud Risk Professional Standards?
Leonard W. Vona Blog
by Leonard W. Vona
3M ago
We're continuing with my thought process of looking behind curtains in fraud risk, but with a slight change. This time, we're looking behind a new curtain ..read more
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Looking Behind a New Curtain to Improve Fraud Risk Assessment
Leonard W. Vona Blog
by Leonard W. Vona
4M ago
This month I will present at a conference a new approach to fraud risk assessment. It is the cumulation of my 40 years of experience in building the fraud audit model ..read more
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A Peek Behind the Curtain to Look at Account Take Over Attacks
Leonard W. Vona Blog
by Leonard W. Vona
5M ago
Businesses face a growing threat of account take over attacks as fraudsters become more sophisticated and take advantage of advances in technology. This week, we're pulling back the curtain to take a closer look at them and how to add this to your fraud protection strategy.  Fraud Trivia: Phishing Phishing is a prevalent type of social engineering that aims to steal data from the message receiver. Typically, this data includes personal information, usernames and passwords, and/or financial information. Phishing is consistently named as on ..read more
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An Analysis of Modern Internal Control Structures and Their Efficacy
Leonard W. Vona Blog
by Leonard W. Vona
6M ago
The theme of the last three blogs was “look behind the curtain” in order to tell the fraud story. Upon reflection, maybe I did not tell the entire fraud story. Maybe, I did not look behind the right curtain. So, this month, we are going to look behind a different curtain ..read more
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What’s Behind the Internal Control Curtain? Is it a Fraud Story?
Leonard W. Vona Blog
by Leonard W. Vona
7M ago
This month, we're pulling back the curtain again to take a look at a look at what could be going on even when everything seems to be fine on the surface. We'll consider what can happen despite the appearance of effective internal controls and how to uncover it.  ..read more
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A Look Behind the Curtain: Sorting out Sole Source Vendor Fraud
Leonard W. Vona Blog
by Leonard W. Vona
8M ago
This month, we're showing how to "look behind the curtain" to uncover fraud using a sole-source contract as an example. This is when a contract is intentionally written to go to a particular vendor with ill intent.  ..read more
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Fraud Audit Insights: Revealing The Fraud Story
Leonard W. Vona Blog
by Leonard W. Vona
9M ago
My last series of blogs discussed strategies for detecting shell companies. I know they work because I have refined the strategies throughout my career. Now we will discuss what causes those strategies to fail. What are the inhibitors to the successful use of artificial intelligence in fraud detection? Humans ..read more
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Calling for a Fight Against Human Trafficking
Leonard W. Vona Blog
by Leonard W. Vona
10M ago
This month's blog is dedicated to making you aware of the scourge on society. Slavery. We now call it human trafficking. The United Nations explains human trafficking as follows ..read more
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