A Potential Gap in Indemnity Coverage
Commercial contracts in the construction industry generally contain indemnity provisions in which one party (the indemnitor) agrees to assume the liability of the other party.
Financial Statement Red Flags to Detect Internal Theft: Construction Contractors Can Minimize Financial Damage by Recognizing Fraud
The first line of defense against financial statement fraud is the implementation of systems, policies and controls intended to safeguard an organization and deter fraud, or stop it in its tracks at the first sign of detection.
It’s Time to Talk About Occupational Fraud
Safeguarding assets from fraud is an important objective for every company. It will take an all-hands-on-deck approach to be successful, and it starts at the top.
Internal Controls Prevent Construction Losses
Internal controls stem from the idea that no one individual should have complete control over a given transaction process and that there should be proper segregation of duties among individuals involved in every process. By spreading responsibilities among...
