Expensify's AI Now Handles Expenses by Text Message: What Autonomous Workflow Agents Mean for Manual Entry
Expensify's AI books expenses by text and agents approve them, cutting 70-90% of entry — IRS purpose rules and fake receipts still need you.
#fraud-prevention
Fraud Prevention
Proactive strategies and controls to prevent financial fraud in your business
Amazon's $2.25M FCRA Fine Wasn't About Background Checks — It Was About Records You Owe Fraud Victims in 30 Days
FCRA Section 609(e) gives fraud victims your transaction records free within 30 days — Amazon's $2.25M fine shows what refusal costs.
Controlled Disbursement Accounts, Explained: How One Morning Number Lets Treasury Invest Every Idle Dollar
A controlled disbursement account reports each morning's exact check-clearing total, so you fund only that amount and keep the rest invested.
The FTC's $930,000 "Active Listening" Settlement: What It Means for Small Businesses Who Bought Fake AI Ad Targeting
Three firms must pay $930,000 for selling fake AI 'Active Listening' ads; deceived buyers get redress, booked against ad expense, not revenue.
Imprest Funds, Explained: How Fixed-Balance Petty Cash Really Works — Setting the Float, Replenishment Entries, and the Controls That Keep It Honest
An imprest fund holds a fixed balance of cash plus receipts; replenish monthly, book gaps to Cash Short and Over, and keep custody and approval separate.
Reverse Positive Pay, Explained: How Reviewing Presented Checks Yourself Catches Fraud Without an Issued-Check File
Reverse positive pay shows you every check presented yesterday — approve or return each by the daily cutoff, no issue file required.
SUTA Dumping, Explained: Why Shifting Payroll to a Low-Rate Entity Is Tax Evasion
SUTA dumping shifts payroll to a low-rate shell to dodge unemployment tax — the 2004 federal law answers with maximum rates, fines, and criminal charges.
Reg CC and the Check 21 Act, Explained: Why Your Bank Holds Check Deposits
Reg CC limits check holds to two business days with $275 next day, but large-deposit, new-account, and overdraft exceptions stretch holds to day seven or nine.
Check Float, Explained: Why Your Money Counts Twice While a Check Is in Transit
Float is the gap between writing a check and the money moving — mail, processing, and clearing delays that make your bank balance overstate your cash.
Payment Gateways, Explained: What the Gateway, the Processor, and the Merchant Account Each Do
The gateway encrypts card data, the processor routes bank messages, and the merchant account holds funds until payout — what each fee buys.
Fedwire vs. CHIPS vs. SWIFT, Explained: How Wire Transfers Actually Move
Fedwire settles each wire in full, CHIPS nets trillions against prefunded balances, and SWIFT only carries messages — how your money actually moves.
The COSO Internal Control Framework, Explained: The Five Components and 17 Principles Behind Every Audit
COSO's 2013 framework defines internal control through five components and 17 principles — the criteria behind every SOX 404 audit and most CPA walkthroughs.