- May 10, 2018
A quality fraud investigation report can provide many documents, including witness interviews, paper trails and detailed facts uncovered in the process.
Olsen Thielen Advisor Blog
- May 10, 2018
Change is difficult and when change management benefits are carefully considered, a formal approach can minimize the negative fallout and increase the likelihood of achieving your desired change goals, whether it be something as drastic as a merger or as simple as a new software program.
- May 10, 2018
The Tax Cuts and Jobs Act (TCJA) made some significant changes in net operating loss treatment. A net operating loss (NOL) occurs when deductible expenses exceed income. While this is not usually the desired result, the NOL can result in tax benefits when used to offset other income.
- May 9, 2018
Solvency is essential to staying in business and sometimes hiring solvency experts is needed to resolve creditor payment issues.
- May 9, 2018
Cultivating positive public relations for nonprofits is an important way to build community support. Good public relations is a cost-effective way to build awareness and create opportunities to achieve your mission. If you’re struggling to get enough visibility from the media,
- May 8, 2018
A nonprofit advisory board has many advantages. An advisory board is an informal group of volunteers whose purpose is to give advice and support to the governing board. It does not have any formal legal responsibilities or decision-making authority, but it can bring complementary — and valuable — skills and
- May 7, 2018
Despite the real threat and high cost of fraud, too many businesses fail to build fraud risk management programs that work. If you have put off taking this important step toward protecting your company, now is the time to act.
- March 29, 2018
Not-for-profit organizations are like many other businesses. Over time, they move through stages of development called the organization life cycle. Their early stage precedes a growth period that runs several years, followed by maturity. At this stage, the nonprofit has built its core programs and achieved a reputation in the
- March 22, 2018
Telecommuting is a work arrangement in which an employee works outside of the standard office. The employee often works from home, either full-time, on certain days of the week or as the need arises. Telecommuting has become increasingly popular as employers seek new ways to provide a greater work/life balance
- March 22, 2018
An employee assistance program (EAP) is an employer sponsored program designed to assist employees in resolving personal problems, such as substance dependence, financial or legal woes, or mental health issues.
- March 22, 2018
Even though nonprofits don’t face the same government regulations as for-profit companies, fiscal oversight is the board's responsibility. Donors and other watchdog groups pay close attention, and the media is quick to pounce on rumors of fraud in the nonprofit sector.
- March 19, 2018
Uncovering fraud doesn’t always require in-depth data analysis or forensic accounting techniques. Qualified experts also find basic managerial accounting practices are handy tools when identifying potential fraud,
- March 19, 2018
A ghost employee is someone who appears on your payroll system, but who does not work for your company. The ghost employee can be a real person who is knowingly added to the payroll records, or a fictitious person invented by a dishonest employee.
- March 19, 2018
The reasons why employees steal can be hard to predict. In many cases, employees who commit fraud are the most likable people in the office — personable, helpful and good at their jobs. It’s not easy for companies to spot dishonest employees. So in addition to shoring up your internal
- March 12, 2018
Up-to-date, accurate job descriptions form the foundation of every organization’s staffing efforts. Without clear, focused documentation of what each position does, you may struggle to hire and retain good employees