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Companies should regularly evaluate which controls are the most critical and the key areas in which there should be proper segregation of duties including the authorization of transactions, custody of assets and reconciling/reviewing of transactions.

Forensic accounting and litigation support are being fundamentally reshaped by AI, delivering enhanced data analysis, greater efficiency and more powerful fraud detection.

The New Jersey Society of CPAs (NJCPA) joined forces this past May with its members, firm pipeline partners and the Center for Audit Quality (CAQ) in partnership with EVERFI, a web-based learning management company that produced a national financial literacy program, to get the word out to college and high school students about the many job opportunities that are available in accounting.

The ACFE Occupational Fraud 2024: A Report to the Nations document contains valuable insight into the types of fraud schemes that are occurring, red flags to watch out for and the value of implementing strong internal controls at organizations.