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PAGA reform finally on the horizon
California Governor Gavin Newsom announced that legislative leadership, in partnership with business and labor groups, reached an agreement on long-needed reforms to the Private Attorneys General Act.
Canada | Publication | April 6, 2020 – 3 PM ET
The fraud triangle is a well-known tool in understanding fraud. The three sides – opportunity, incentive, and rationalization – offer an explanation to a person’s decision to commit fraud. Similarly, they offer guides to preventing fraud: by addressing the three sides of the triangle, an organization can reduce its risk of fraud.
In a financial crisis, such as we are seeing during the COVID-19 pandemic, all three sides of the fraud triangle indicate an organization is at heightened risk of fraud. Individuals and companies facing serious financial pressure have incentive to commit fraud. Where there are staff reductions, employees working from home, or management focused on critical functions only, unique opportunities arise for committing fraud. Finally, the extreme stress of the pandemic offers ample rationalizations. It is the perfect storm for fraud. As such, companies need to pay more attention than ever to appropriate controls and procedures to prevent and detect instances of fraud.
An organization should consider the following as part of its fraud prevention controls:
Fraud risk management is an important business function in these uncertain times. Companies that fail to enforce strong controls will face the consequences in the months and years to come.
Publication
California Governor Gavin Newsom announced that legislative leadership, in partnership with business and labor groups, reached an agreement on long-needed reforms to the Private Attorneys General Act.
Publication
Our healthcare lawyers comment on healthcare providers and MCOs that are beginning to experience the financial impacts of the end of continuous Medicaid enrollment and the reductions associated with the enhanced FMAP.
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