Dana McGuffin CPA Blog

How to Prevent Fraud in Your Business

Post 5 of 5: How to Prevent Fraud In Your Business

By Dana McGuffin | March 5, 2015 |

In our 4th post on fraud, we covered the opportunities for fraud in a business. After covering material that is negative in many ways, let’s discuss something positive: How to PREVENT fraud in your business! Separation of Duties Separation of duties is a cornerstone concept of accounting. In a small business, this critical separation can be…

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Opportunities for Fraud

Post 4 of 5: Opportunities for Fraud

By Dana McGuffin | February 5, 2015 |

In our 3rd post on fraud, we discussed 3 Key Elements of Fraud in any Business. To recap, the first two elements were: Pressure Rationalization Opportunity is the third element and what we are going to focus on today. Opportunity, or a favorable juncture of circumstances, is the element over which employers have the most control after the employee…

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Key Elements of Fraud

Post 3 of 5: The Key Elements of Fraud

By Dana McGuffin | January 5, 2015 |

Let’s continue our discussion on fraud. (For our 2nd Post on fraud with recent examples we’ve seen, click here.) FRAUD \ noun\ ‘fröd\ Definition of FRAUD 1a: DECEIT, TRICKERY; specifically : intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right. In other words, fraud…

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Fraudulent Dispersement Schemes

Post 2 of 5: More Fraudulent Disbursement Schemes

By Dana McGuffin | December 5, 2014 |

Fraudulent disbursement schemes provide a unique opportunity for the fraudster. The company is essentially “tricked” into making a legitimate- looking disbursement. Unlike larceny or skimming schemes, the employee is not even physically required to take custody of the funds; the money can be converted indirectly by the employee through a third source, such as a shell…

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Recent Examples of Fraud

Post 1 of 5: Recent Examples of Fraud We Have Seen

By Dana McGuffin | November 11, 2014 |

Is An Employee Stealing From You?  Fraud presents itself in many ways in businesses! Over the years, we have seen dozens of examples of employee fraud. From buying personal gasoline and clothing on company credit cards to dispersing additional payroll checks to themselves, employees find creative ways to steal from their employers. We’ve had numerous…

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Lindsay Polyak Appointed to Southlake Chamber Board

Lindsay Polyak Appointed to Southlake Chamber Board of Directors

By Dana McGuffin | July 15, 2014 |

Dana McGuffin CPA, PLLC is proud to announce that Firm Manager Lindsay Polyak has been appointed to the Southlake Chamber’s Board of Directors. Lindsay has been actively involved in the Chamber since 2009, through the Ambassadors’ Committee, which she currently chairs. Lindsay will serve a 3-year term on the Board of Directors. The Board of…

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Lindsay Polyak Wins 2013 Ambassador of the Year

Lindsay Polyak Ambassador of the Year 2013

By Dana McGuffin | June 21, 2013 |

(Pictured L-R: Mark Guilbert, Traci Bernard, Lindsay Polyak, Bob Ortegel) Lindsay Polyak Ambassador of the Year for 2013 at the Southlake Chamber The Southlake Chamber held the Celebrating Community MVPs Annual Awards Banquet on Thursday, June 20th at the Marriott Solana Hotel. The recipients were recognized at the tailgate themed event presented by Texas Health…

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