Sentences with phrase «fraud risk»
The phrase "fraud risk" refers to the possibility or likelihood of someone trying to deceive or cheat others for personal gain. It means there is a chance of being deceived or tricked into a fraudulent scheme or scam. Full definition
Existing oversight bodies should perform targeted fraud audits focused on areas of risk or weakness through the annual fraud risk assessments.
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First, if investors think corporate fraud is a common practice, they are more likely to place importance on assessing fraud risk when making investment decisions.
Do you have a checklist to get rid of accounting fraud risk?
Desk float slows cash flow and increases fraud risk.
The workshop will helps companies mitigate against food fraud risks and provide greater controls in their supply chains.
Second, investors are more likely to assess fraud risk if they rely primarily on financial statements to make investment decisions, rather than other sources like news reports or advice from professionals.
Additionally, repeated fraud may cause your financial institution to decide you're an above - average fraud risk and close your account.
83 % of respondents — the highest percentage globally — felt that cyber breaches and insider threats posed the fastest growing fraud risk.
This helps to uncover fraud risk and benefits legitimate clients through knowing their business.
But are they fully aware of the new fraud risks they also are inviting?
Responding to a Tribune article on fraud risks in the federal free - lunch program, Sen. Dick Durbin on Friday sent a letter to Agriculture Secretary Tom Vilsack asking what his department will do to «bolster eligibility verification measures» in the program.
Existing oversight bodies should perform targeted fraud audits focused on areas of risk or weakness through the annual fraud risk assessments; and
«Striking the right balance between profitable growth and fraud risk management», British Bankers Association Newsletter - May 2008
Overall fraud risk in the home mortgage field is up by 16.9 percent in the most recent 12 - month period tracked by data analytics firm CoreLogic.
They also proffer recommendations to businesses and companies on ways to minimize fraud risks.
Ravelin scans every element of every single transaction and scores those elements for fraud risk.
In the food and drink sector technical teams typically undertake most work to address fraud risks.
He said that he had «access to all their user records including emails, encrypted password, if they purchased or not, who they talked to, what their search preferences are, last login, fraud risk profile, who they blocked or are blocked from, photo uploads, etc..»
Port Harcourt, Ibadan international fraud risk be safe.
Charter school authorizers should take fraud risk assessments into account when evaluating whether to renew a school's charter.
Charter authorizers should create a system to categorize and rank charter audits by fraud risk levels to facilitate transparency and public engagement;
Transactions with higher fraud risk, such as ATM cash withdrawals, international transactions, gas station purchases, and purchases made without a card present
«Overall mortgage fraud risk, including subprime loans, has been steadily decreasing since 2006 and appears to have leveled off in 2009,» says CoreLogic.
I consider the general fraud risk in the US pretty low for credit card transactions, so there is little to gain from a prepaid card when traveling in the US!
Mobile credit card application is safe — and easier now — There's less fraud risk with mobile than mailing your personal info, experts say... (See Mobile)
UK companies facing significant increase in fraud risk from cyber breaches and insider threats
Conduct a health - check of your organization today by running a cost - effective FRAUD RISK ASSESSMENT, a questionnaire - based study tailored to your organization.
Efficiently managed various engagements with significant fraud risks, and investigated fraudulent activities that successfully resulted in restatement audits and unqualified audit opinion
«Implementing banking processes that require dual approvals for activities such as payments and wire transfers is an easy way to minimize certain fraud risks.
Foreign transaction fees, she says, pay for convenience and help banks offset the greater fraud risks associated with international transactions.
Other job duties listed on a Fraud Specialist resume example are implementing fraud prevention programs, assessing fraud risks, conducting interviews, dealing with witnesses, and reporting findings to management.
All annual audits and fraud risk assessments should be posted on the websites of charter school authorizers, typically the local school system;
Oversight agencies should post the findings of their annual internal assessments of fraud risk on their websites.
In this video, Mark Mendelsohn, litigation partner and co-chair of the Anti-Corruption & FCPA Group, and Peter Jaffe, counsel and deputy co-chair of the Anti-Corruption & FCPA Group, discuss how companies can use this guidance and other tools to evaluate their own compliance programs and to assess corruption and fraud risks in mergers and acquisitions.
By partnering with dLocal, a company can gain access to sell its products and services in dozens of markets - including Latin America, China and India - without assuming the country - by - country localization costs and fraud risks.
Undue influence / reliance, integrity and fraud risk: Are there any pockets within the organization or executives who may have the opportunity, pressure or incentive to take inappropriate risks, or engage in potential fraud, that may be exacerbated during an economic downturn?
The former head of the RCMP's commercial crime unit says there's no perfect protection, but you can reduce your fraud risk
Some fraud risk mitigation techniques were outlined by the World Bank report, commissioned by infoDev, which the public should look for in each crowdfunding portal or campaign:
Two examples are fraud risk and regulations.
GASH Point also stands to benefit — bitcoin will allow the company to lower its transaction costs and reach new customers without the fraud risks of traditional credit card payments.
In nine of the 58 audits reviewed that year, the board said, Ernst «identified a fraud risk» and found a deficiency in the company's statements.
Charter schools should be required to institute an internal fraud risk management program, including an annual fraud risk assessment.
Oversight agencies should create a system to categorize and rank charter audits by level of fraud risk they pose to facilitate public engagement.
Oversight agencies should conduct fraud audits, prioritizing charter schools with heightened levels of fraud risk.