The message came in the form of a standard Fraud Risk Assessment, reviewed by Forbes, which was based on a review of TikTok and ByteDance policies, and on approximately 90 interviews — some ...

The federal government is losing up to a billion dollars a year to fraud in its Federal Employees Health Benefits program, ...

OPM officials who were previously responsible for conducting FEHB fraud risk assessments have since left their jobs, the Government Accountability Office found.

Fraud risk assessments also scrutinize the internal measures that exist to prevent each scheme, their effectiveness, and whether there's a need for additional or upgraded controls.

If the fraud risk assessment hasn’t been updated, or if the company doesn’t perform fraud risk assessments, this would be a good time to recommend doing so, as it is a relatively low-cost initiative — ...

On September 1, the new Failure to Prevent Fraud offense will come into force, which has extraterritorial effect and ...

GAO found that HUD has taken some steps to assess fraud risks agency-wide. For example, HUD conducts an agency-wide assessment of risks through a Front-End Risk Assessment, which also considers fraud ...

For more information on fraud risk and assessment, contact Frank Rudewicz at [email protected] or 617-221-1978. For more information on CliftonLarsonAllen LLP, visit CLAconnect.com.

Although risk assessment is a critical component of audit planning, we do not have a lot of deep insights into what actually takes place other than as it relates to fraud risk. Previous research has ...

With in-person oversight of operations less practical now, fraud risk assessments and subsequent testing must consider how data analytics can play an integral role in preventing and uncovering ...

But there are several leading practices for fraud risk assessments that could help FEMA identify even more risks and mitigate them. The Government Accountability Office made 5 recommendations , ...

A final, but important consideration is preparing for a fraud risk assessment. Even the best-planned controls, internal audits, and external audits can have weaknesses.