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Corporate Culture and Ethical Behavior: Leading by Example

May 16, 2017 / in Fraud / by Meena Chockalingam

In our last post, we saw how tough it can be to differentiate between misconduct and genuine human error when it comes to corporate fraud. The key to preventing such situations is to create a strong and ethical company culture.


It’s the people that make a business successful.

Honesty and integrity are at the forefront of every great corporate culture. Whether it’s being left out of a team outing or excluded from key business meetings, no one wants to feel out of the loop or unimportant.

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Mistake vs. Misconduct: Who's to blame when accidental expense fraud occurs?

May 02, 2017 / in Fraud, T&E Fraud / by Meena Chockalingam

Blame it on sticky fingers, late nights, or month end deadlines. Employee misconduct can sometimes just be an honest mistake. Yes, there are instances when the misconduct is intentional, and it happens again, and again, and again...until it becomes headline worthy.


But the typical instance of accidental expense fraud isn't so clear cut

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Can you Spot Fraudulent Receipts?

April 18, 2017 / in Fraud, T&E Fraud / by Meena Chockalingam


When you’re sifting through hundreds of receipts and come across a questionable one - how can you confidently confirm it’s fraudulent? What gives it away?

Long gone are the days of picking up blank receipts from a cabbie. With the advent of technology, fabricating receipts has never been easier.

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Think your External Auditors will sniff out fraud? Think not!

April 05, 2017 / in Fraud, Compliance / by Meena Chockalingam
When a company uncovers internal fraud, their first question is ‘Why didn’t the auditor catch that?’ The simple answer, is that the purpose of an audit is not to detect fraud and companies are misunderstanding the nature of an external audit.

 

According to a 2016 ACFE Report, 82% of companies utilize annual financial audits as a common anti-fraud control

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Think T&E fraud can’t happen in your company? So did Hendricks Power

February 04, 2017 / in AI, Fraud, Compliance, T&E Fraud / by Jonathan Chizick

Donnis Mizelle was a pillar of the local community in Avon, IN. As CEO of Hendricks Power, Donnis was in a high-profile position and was well known throughout the community, serving on several local boards and committees.

 

In August the illusion came to an end. Mizelle was convicted of embezzling over $500,000 from the company over a six-year period. He now faces up to 20 years imprisonment for his crimes.

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