Our Thoughts On

Non-Profit Organizations and Fraud: Who would steal from us?

From feeding the hungry to educating the severely handicapped to providing educational opportunities to the disadvantaged, non-profit organizations (NPOs)

The Right Stuff - Tone at the Top

Echoing the familiar adage that educators often acknowledge, “Parents are a child’s first teacher,” senior management’s directives

Disbursements Fraud: Mitigation Basics

Although high-profile financial statement frauds have consistently dominated the headlines throughout this decade, asset misappropriation schemes, including disbursements fraud, occur on a much more frequent basis. 

The Early Bird: When to Address Closing Purchase Adjustments

Failure to address issues related to closing purchase adjustment before the execution of a transaction can lead to contention at the day(s) of reckoning, typically 30 to 60 days after the ink has dried. The nature of closing purchase adjustments vary significantly from transaction to transaction. However, as a baseline, it is typical for the parties to compare the seller’s working capital or net assets at the closing of a transaction to its working capital or net assets at a designated earlier point. Consider these steps from Marc Brdar from Schneider Downs Business Advisors.