Have you ever been asked to review procurement practices for your organization or as a third party? Procurement is prone to corruption and bribery and can cost large organizations millions of dollars annually. Here I shed light on some of the best tools and techniques fraud examiners can use to combat procurement fraud. Throughout my 10-year career, I’ve detected and investigated more than 50 cases of fraud and abuse for large private and publicly listed companies. In this column, I cover an example of procurement fraud associated with outsourcing decisions...

From electricity and steam power to computer technology and internet access, advances have permanently altered the nature of labor markets, pushing out specific careers and creating new ones. Artificial intelligence is an overused term — the computers with the most sophisticated algorithms do not know anything about However, technology is at an inflection point at which it’s poised to alter new types of jobs, including experts and artists implications of Chat GPT. In particular, the development...