Archive for January, 2012
springhill group medical – “A loan tends to lose itself and the friend.”
A candid warning for soft-hearted people who just can’t turn down a request from a relative or a close friend. Unfortunately, there exists a gray area when it comes to money and family. A loan, for instance, can cause relationship to become bad when not handled in a proper manner.
Someone trying to ask for a loan should be equally prepared to hear a lecture. That’s because he’s bound to state the reason why he’s in need of money and where he’s planning to use it. For example, lending money to a brother just to indulge his knack of collecting designer shoes doesn’t look like a good call.
Now, if the reason for loaning seems valid to you, the next precaution is to put it in writing to make everything clear.
We are all aware that someone who wants to borrow money might damage his memory afterwards.
Well, it might sound awkward or ruthless to most but if you think of how much worse it can get if you get into court because of misunderstanding, it won’t appear as bad.
Usually, when people loan money to someone he personally knows, he just settles for a verbal agreement which can be very dangerous for him when it is contested. It will just turn into a he-said/she-said scenario where there’s only the word of the people concern to be taken into account.
We have to remember that financial dealings, however informal, should always come with a written contract for those just-in-case scenarios. In fact, no one in the commercial world does business without a written evidence which should suffice as a warning to us.
Having something written clearly in paper saves the parties from ambiguity and will ensure that they are on talking about the same thing. More often than not, people can enter in a verbal agreement in good faith but actually interpret it differently down the road.
The written agreement should state clearly the following:
-when the payment is due
-what the mode of payment should be
-whether there is an interest to be paid and its rate
-what happens if the borrower fails to pay back
In today’s economic climate, who will help you protect your company and your clients from the devastating impact of fraud?
Fraud can creep into your business in a number of ways.
springhill group – You may find you need an objective expert to deter potential problems, investigate allegations or provide resolution.
A Certified Fraud Examiner (CFE) offers anti-fraud knowledge and skills you need to:
• Investigate allegations against one of your employees
• Recommend strong anti-fraud internal controls
• Conduct interviews related to sensitive issues
• Provide assistance with financial dispute resolution
• Resolve irregularities discovered during your company’s audit
• Provide expert testimony on financial and investigative matters
A Unique Set of Skills
Fraud Examiners have a unique set of skills that are not found in any other discipline; they combine knowledge of complex financial transactions with an understanding of law, criminology, investigation and how to resolve allegations of fraud.
CFEs work in a variety of disciplines including accounting, auditing, fraud investigation and security, as well as in different industry segments including government, healthcare, financial services, manufacturing and retail distribution.
CFEs are knowledgeable in four areas critical to the fight against fraud:
• Fraudulent Financial Transactions
• Criminology & Ethics
• Legal Elements of Fraud
• Fraud Investigation
Reduce Fraud Risks and Costs
Heightened fraud awareness, combined with new laws and regulations, has increased the already growing demand in the workforce for professionals who are highly skilled at deterring, detecting and investigating fraud.
CFEs have the ability to:
• Identify and reduce opportunities for fraud
• Implement effective anti-fraud controls
• Continuously improve anti-fraud measures based on new risks and technologies
• Educate employees to deter fraud and report wrongdoing
• Resolve allegations or suspicions of fraud
• Assist in the recovery of fraud losses
Experience and Integrity
The standards for CFE certification are set by the ACFE’s Board of Regents, who are elected by CFE members and drawn from the most experienced members of the profession. CFE candidates must hold a Bachelor’s degree from an accredited institution and posses two or more years of professional experience in a field related to fraud deterrence and detection.
The CFE Exam is a rigorous process, testing the knowledge of candidates in all areas of fraud examination. CFEs are required to acquire at least 20 credit hours of continuing professional education each year to ensure that they remain informed, empowered and educated.
Code of Ethics
As leaders who inspire public confidence in the integrity and objectivity of the profession, CFEs adhere to the Certified Fraud Examiners Code of Professional ethics.
The code includes:
• Commitment to professionalism
• Diligence in performance
• Avoidance of conflict of interest
• Testifying truthfully and without bias or prejudice
• Complete confidentiality
• Revelation of all material matters discovered during an examination
• Continued effort to increase the competence and effectiveness of professional services performed under his or her direction
The CFE credential is the globally preferred certification for anti-fraud professionals. CFEs are specialists in the detection, deterrence and investigation of fraud. Over 20,000 CFEs are actively fighting fraud worldwide.
Officials warn residents to be alert, check things out before donating
December 27, 2011
By Ashley Rittenhouse – The Marietta Times (firstname.lastname@example.org) , The Marietta Times
springhill group medical – Law enforcement officials are reminding residents to find out whether solicitations for monetary donations are legitimate or not before giving, as this is a popular time of year for scammers to spring into action.
Employees at Marietta Home Health Services and Hospice were notified that scammers called two residents just last week.
“They’re saying they’re from Marietta Hospice and asking if they’d like to donate money on their loved one’s behalf,” said Taylor Daugherty, volunteer coordinator for the agency. “We do not do that.”
Hospice provides in-home or homelike care for patients diagnosed with terminal illness.
Daugherty said those who received the calls are family members of people who passed away recently but received hospice care before their death.
“We think whoever did it checked out the obituaries,” she said.
Daugherty noted that in some cases, those who receive hospice care decide to include in their obituary a note that all donations can be made to the agency and the scammers probably spotted this.
She said fortunately, the residents had a feeling something wasn’t right and they did not agree to donate any money. The incidents have been reported to the Washington County Sheriff’s Office.
Sheriff Larry Mincks said residents need to be cautious when it comes to donating money for any cause.
“If you receive a phone call, check with the agency that is soliciting to see if they even make phone calls,” he said. “There are a number of good organizations out there that are in need of money this time of year…but be careful who you’re sending it to.”
Mincks noted that his office receives information on a regular basis about scams that have taken place both over the phone and through the Internet.
“It’s not an unusual occurrence,” he said.
Daugherty added that the agency does accept donations on an ongoing basis and they can be dropped off or mailed to 210 N. Seventh St., Suite 400, Marietta, Ohio 45750.
“We use those funds for a patient who needs resources that can’t be covered through hospice, for example, if there’s a blizzard and they can’t afford that month’s bill on the heat,” she said. “It’s part of keeping the patient comfortable.”