Leonard W. Vona Blog
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Leonard W. Vona, Fraud Auditing, Inc helps you to find fraud and simplify complex fraud cases. We can also help you conduct fraud audits and investigations. Follow our blog that focuses on fraud data analytics, fraud plan, fraud detection, fraud auditing, fraud risk statements, and many more.
Leonard W. Vona Blog
1w 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
Leonard W. Vona Blog
1M ago
This story is about a passthrough scheme. It is my opinion that most large companies have one of more pass-through schemes occurring. What makes it difficult to detect or prevent these schemes is that the scheme will comply with all of your controls. Your company has received the goods or services. Therefore, your ability to detect these schemes is predicated on your understanding of how these schemes occur and what they look like ..read more
Leonard W. Vona Blog
3M ago
In this series of blogs, we are looking at the practice of using a fraud audit to detect shell company schemes occurring in an accounts payable file. Because the practice of effective fraud auditing is grounded in knowledge, we will start with a knowledge section and then delve into a demonstration of the fraud audit process ..read more
Leonard W. Vona Blog
5M ago
In this series of blogs, we are looking at the practice of using a fraud audit to detect shell company schemes occurring in an accounts payable file. Because the practice of effective fraud auditing is grounded in knowledge, we will start with a knowledge section and then delve into a demonstration of the fraud audit process ..read more
Leonard W. Vona Blog
6M ago
In this series of blogs, we are looking at the practice of using a fraud audit to detect shell company schemes occurring in an accounts payable file. Because the practice of effective fraud auditing is grounded in knowledge, we will start with a knowledge section and then delve into a demonstration of the fraud audit process ..read more
Leonard W. Vona Blog
6M ago
In this series of blogs, we are looking at the practice of using a fraud audit to detect shell company schemes occurring in an accounts payable file. Because the practice of effective fraud auditing is grounded in knowledge, we will start with a knowledge section and then delve into a demonstration of the fraud audit process ..read more
Leonard W. Vona Blog
8M ago
In this series of blogs, we are looking at the practice of using a fraud audit to detect shell company schemes occurring in an accounts payable file. Because the practice of effective fraud auditing is grounded in knowledge, we will start with a knowledge section and then demonstrate the fraud audit process ..read more
Leonard W. Vona Blog
10M ago
Using Fraud Auditing to Detect Shell Company Fraud Schemes
The last two blogs were an esoteric discussion on fraud auditing using either a principal-based approach or a rule-based approach. With this blog, we'll launch into the practical use of fraud auditing. By way of example, we will look at how to detect shell company fraud schemes perpetrated against your company. Remember, our goal is to make audit the number one reason for fraud detection ..read more
Leonard W. Vona Blog
11M ago
In accountancy, there are frequent discussions about a principle-based approach to GAAP vs. a rule-based approach. That is an equally valid discussion for fraud auditing. As you read, I hope you will reflect on whether a principle or a rule-based approach would be of more benefit to your organization ..read more
Leonard W. Vona Blog
1y ago
This is the third blog looking at the state of the auditing profession. In the first blog, we looked at what has changed as companies have grown and gone global. Last month we considered the use of words and the significance of precision. And in this blog, we'll delve into principles that form the bases for our work ..read more