Knowledge and Insights: Newsletters

Why You Need a Forensic Accountant in Your White-Collar Crime & Corporate Fraud Cases

It’s easier and less expensive to prevent corporate fraud and white-collar crime than to recover from it, or defend against it, after the fact. According to the Association of Certified Fraud Examiners (ACFE) 2020 Report to the Nations, organizations lose an average of five percent of their annual revenue to fraud each year. So, although…

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Benefits of an Outsourced or Fractional CFO

Many emerging growth and middle-market companies stand to benefit from the expertise of an experienced financial and accounting professional but are hesitant to carry the cost of a full-time CFO or just struggle to fill that position.  Often, these organizations employ a bookkeeper and accounting personnel but lack a fully functional accounting department capable of…

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Economic Update: What Could Go Right?

The first quarter of 2022 was a reminder that there are times, though rare, when both the bond market (the “safe stuff”) and stock market can go down at the same time, as they grapple with the same host of emerging economic and geopolitical uncertainties. Heightened uncertainty creates challenging times for financial markets, a dynamic…

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In Search of a Board Member? Where to Look to Find that Elusive Candidate

Did you know that there are over 2,500 nonprofits in Mercer County, New Jersey alone?  Given how many nonprofits are in our region, and that good nonprofit governance practices recommend term limits and board turnover, it is no surprise that nonprofits are in constant search of board members. Finding board members is not always easy…

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The Challenges and Opportunities HR is Facing in a Digital-First World

The world has changed for all of us, but for inherently culture-oriented organizations, such as nonprofits, the change has been substantial. Nonprofits rely on human connection to build interest in mission-driven work. The human resources department functions like a control center for building a positive culture, communicating vital messages, and maintaining a healthy workplace. Without…

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Love Them or Leave Them? Financial Considerations When Contemplating a Divorce

Unfortunately, only you can answer that question. According to WorldPopulationReview.com, in the United States 50% of you are choosing to leave him or her and for second or third marriages that increases to 60% and 73%, respectively. The Centers for Disease Control and Prevention (CDC) reports the national average divorce and annulment rate in 2019…

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How Independent Loan Reviews Can Mitigate Risk to Your Institution

Banks and financial institutions rely on the insight from independent loan reviewers to uncover potential risks embedded in their loan portfolios. As part of standard practice, financial institutions engage independent entities to review their loan portfolios, ensuring no undue risk may affect the Bank’s overall asset quality and capital composition. An independent review of the…

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Risks You Haven’t Thought of: How Climate Change is Presenting New Challenges for Lenders

In the Fourth Quarter of 2021, President Biden presented his administration’s “roadmap for climate change,” identifying how government agencies would strengthen infrastructure in response to worsening climate conditions. This was a key position during the Biden campaign, and its persisting emphasis has brought the world of banking to an inflection point. Climate Plan B impacts…

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How Does Corporate Culture Mitigate the Risk of Fraud?

In August of 2021, an Economic News Release from the U.S. Bureau of Labor Statistics reported that 4.3 million American workers had quit their jobs, a number that increased by 242,000 since “The Great Resignation” in April of this year. Experts have credited working conditions, new opportunities to work from home, and toxic corporate culture…

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Post-Pandemic Aftermath: Fraud in Your Own Backyard

The world is slowly returning to some sense of normalcy, travel is resuming, kids are heading back to the classroom, and retailers, restaurants, and cultural arts centers are greeting us (and our pocketbooks) with open arms. While COVID-19 may have brought many of us a new, or renewed, passion for banana bread and sourdough, for…

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