Tag: Other

Originally printed in the Internal Auditor Magazine

PAUL PIGEON WAS A MANAGER of training who had been with Canadian-based Example Corp. for more than 12 years. His primary duty was to identify the training requirements of the company and then, when needs dictated, arrange for outside consultants to aid in course development and implementation.

The Example Corp. had approximately 3,000 employees who reported through more than 45 different departments to five division heads. Each year, Pigeon would sit down with various managers throughout the organization and assess their training needs for the coming year. After reviewing the available company resources, Pigeon would determine the aggregate cost for all divisions of the company and develop, or update, one-, three-, and five-year plans for each area that were then approved by his supervisor, the director of human resources. Pigeon’s bottom line would be consolidated into the human resources budget and then folded into the company’s overall financial plan. Continue reading “One of the many lessons learned”

Economist Intelligence Unit Survey Results

“The Annual Global Fraud Survey, commissioned by Kroll and carried out by the Economist Intelligence Unit, polled 1,265 senior executives worldwide from a broad range of industries and functions in June and July 2011. Where Economist Intelligence Unit analysis has been quoted in this report, it has been headlined as such. Kroll also undertook its own analysis of the results. As in previous years, these represented a wide range of industries, including notable participation from Financial Services and Professional Services; as well as Retail and Wholesale; Technology, Media, and Telecommunications; Healthcare and Pharmaceuticals; Travel, Leisure, and Transportation; Consumer Goods; Construction, Engineering, and Infrastructure; Natural Resources and Manufacturing. Respondents were senior, with 47% at C-suite level. One-half of participants represent companies with annual revenues of over $500m. Respondents this year included 23% from North America, 24% from Europe, 28% from the Asia-Pacific region, 15% from the Middle East/Africa and 11% from Latin America.

Continue reading “Kroll Global Fraud Report 2011-2012”

Jeffrey R. Filliter, Managing Director – Froese Forensic Partners Ltd.

Frauds in general continue to be on the rise at an alarming rate in direct correlation with both the domestic and global downturn in the economy. Those who might otherwise be predisposed to committing crime find themselves reaching states of desperation as a result of their inability to provide, in some cases, even the necessities of life. In addition, organized crime groups capitalize on desperation by preying on those who are most vulnerable financially to join their forces in defrauding the wealthy. The recent “Occupations” that occurred throughout the world’s economic powers were a clear sign of many people’s frustration with the perceived divide between the wealthy and the impoverished. There is evidence to support that organized crime factions infiltrated those groups with a view to heightening the demonstrations and to recruiting potential fraudsters to assist in their attack against “the 1%”, which to many represents the growing wealth gap between America’s wealthy elite compared to the overall citizenry. Continue reading “Global Economy and it’s Impact on Current Fraud Trends”

Kevin Lo – Froese Forensic Partners Ltd

Analysis of email communications and Internet (browsing) history plays a dominant part in many forensic investigations involving digital evidence. However, there is also a trend where less evidence could be located from these traditional sources (i.e. email or internet activities). There is no indication that people are committing fewer crimes or wrong-doing on computers – so what could be the explanation of the declining volume of evidence from these traditional sources? Continue reading “Digital Evidence – Diminishing or Shifting?”

Leigh Beijer*, CA | CFE | CAMS – MNP Investigative and Forensic Services

Earlier this month, privately owned Griffiths Energy pled guilty to bribery charges and offered to pay a substantial fine. On Friday, January 25, 2013 Court of Queen’s Bench Justice Scott Booker agreed with the terms of the charges and penalty. Continue reading “Corruption Amnesty – Risks to Companies”

Ms. Nancy Warden and Ms. Karen Vanderzweerde

Professional certification is a process in which a person proves that he or she has the knowledge, experience, and skills to perform specific tasks. This month the ACFI has profiled two women, who had attained their CFI.

We asked them a few questions as to how beneficial the CFI designation has been in their careers. Continue reading “Profiling Women In The Profession”

Robert C. Taylor and Sunira Chaudhri
Levitt LLP

Just as any savvy consumer would check under the hood to avoid purchasing a lemon, smart employers do background checks on prospective employees. However, they must conduct background checks carefully in order to avoid running afoul of human rights legislation. Continue reading “Failure to Vet Candidates is a Costly Mistake”

Brian A. Grosman – Levitt & Grosman LLP

Just as Edward Snowden proved to the political classes that the technological malfeasance of a single bad actor can undermine global security, at this very moment hundreds of kindred scoundrels are mining corporate data unchecked, diminishing or even razing corporations’ very worth in the dark. If they are not already, today’s captains of industry should be very worried. Continue reading “Corporate Security on the Brink”

Milos Barutciski, Matthew Kronby and Steven T. Robertson
Bennett Jones LLP

On May 23, Nazir Karigar, an agent of Cryptometrics Canada Inc. (Cryptometrics), was sentenced to three years in federal prison under Canada’s foreign bribery statute. Mr. Karigar was convicted last August of conspiring to pay approximately $450,000 to India’s Minister of Civil Aviation and officials of Air India, a state-owned enterprise, in an attempt to win a multi-million dollar contract for Cryptometrics to supply security systems to Air India. Mr. Karigar was convicted largely on the evidence of another Cryptometrics executive, who was granted immunity from prosecution in exchange for his cooperation. Karigar had unsuccessfully attempted to negotiate immunity for himself, and instead became the focus of the prosecution. Continue reading “Prison Sentence in Air India Bribery Scheme Sends Deterrent Message to Canadian Executives”

Nelson Bennett – April 7, 2015, Law & Politics

When Open Connection owner Bruce Lloyd discovered that one of his employees might have fraudulently obtained equipment and commissions from his company – a Telus (TSX:T) retailer – he did what most people would be inclined to do: he went to the police.

Lloyd discovered it would take several days to get a warrant to search the former employee’s home for the evidence he would need to prove the fraud – long enough for that evidence to disappear. He ended up dropping the case and writing off the fraud, which he estimated at between $60,000 and $80,000. Continue reading “Investing in Fraud Prevention Can Pay”