FINRA (Financial Industry Regulatory Authority) is a non-governmental organization that regulates member brokerage firms and exchange markets. FINRA works along side the government agency, Securities and Exchange Commission. According to the Broke and Broker blog which focuses on securities fraud, “FINRA…
Category: Fraud
Fraud risks of cash within Airline spend
American Airlines announced that it will no longer accept cash for checked bags or bags that are overweight at 50 airport locations according to NBC Miami. Airlines for many years have been moving towards a completely cashless operation. In 2009,…
What REV REC means for T&E Auditors
Perhaps it’s because I have little kids but Rev Rec sounds like something Scooby-Doo would say when he sees a ‘ghost’. For financial leaders, the new Revenue Recognition guidelines is definitely a “Ruh Roh” moment. Changing the way your business…
DOJ’s bribery guidelines place greater importance on expense reporting
The Department of Justice has now enacted recommendations from the FCPA Pilot Program into the official US Attorney’s Manual (USAM). This was first announced in November 2017, by Deputy Attorney General Rod Rosenstein, he said the DOJ would extend the pilot’s…
FCPA Professor’s 2017 Bribery Review Video
Bribery is a significant risk for all businesses, especially those trying to expand operations into developing markets. While the bulk of the money being used to bribe will pass through an invoice, most bribery schemes included business trips, meals and…
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