Beanworks Blog
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The Most Shocking Cases of Accounting Fraud in 2021 and How To Protect Your Business
A report by TransUnion found that, globally, the percentage of suspected financial services digital fraud increased by 149%. Learn how companies like Heinz, SEC, the US Department of Justice, and more were scammed out of millions of dollars—and how they could have been prevented.
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Fraud is on the Rise – Here’s How to Beat it
The pandemic caused huge disruption in the way we work. Accounting teams were no different from other sectors, as we had to adjust to remote working and the long hours that often came with it. What you might not know is that the top concern for accountants as a result of all these changes is the risk of fraud and abuse they bring.
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Watch Out Business Owners: Accounting Scandals Are Getting More Sophisticated
For too long, businesses have held auditors responsible for finding financial red flags. But with only 4% of fraud cases being detected by auditors, it may be time for organizations to shift gears and focus on internal controls instead.
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When Crisis Strikes, Resilient AP Systems Are Crucial
While the pandemic has accelerated the need for businesses to prepare for uncertainty, arming your AP team with the right technology ensures your finances are a lot more secure.
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2020’s Biggest Accounting Fails – And What We Can Learn From Them
Despite last year’s shocking headlines, accounting failures continued to happen – and we were taking notes. How many do you remember?
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