Mike interviews Pamela Mantone.
In the ever-evolving business landscape, one threat lurks beneath the surface, often unnoticed until it’s too late: fraud. But fear not. In a recent conversation with Pamela Mantone, author of “Using Analytics to Detect Possible Fraud,” we delved into the world of forensic accounting. We uncovered some invaluable insights that every business owner should know.
Picture this: a seasoned detective, armed not with a magnifying glass but with spreadsheets and analytical models, ready to uncover the truth hidden within financial statements. That’s Pamela Mantone for you. Her expertise in detecting possible fraud through data analysis is unparalleled, and in our discussion, she shared some invaluable insights that every business owner should know.
One of the key takeaways from our conversation was the importance of being observant. Pamela stressed the significance of recognizing red flags, such as employees living beyond their means or unexplained discrepancies in financial records. It’s all about paying attention to the subtle signs that something might be amiss.
But detecting fraud isn’t just about gut feelings and intuition; it’s a science. Pamela outlined various analytical techniques, from Benford’s Law to Patris Ski’s F score, that can be used to identify irregularities in financial data. These tools help pinpoint potential fraud and provide a roadmap for further investigation.
One aspect that particularly stood out was Pamela’s emphasis on the role of cash flow statements. As she explained, cash flow analysis can reveal non-cash entries that may indicate fraudulent activity. By understanding the nuances of cash flow, businesses can better protect themselves from financial misdeeds.
And let’s not forget about the power of technology. In today’s digital age, QuickBooks and Excel are indispensable tools for financial management. Pamela highlighted the importance of leveraging these platforms to streamline data analysis and detect fraud more effectively.
But perhaps the most compelling part of our conversation was Pamela’s passion for helping business owners. Beyond just uncovering fraud, her ultimate goal is to protect businesses from harm and ensure their continued success. It’s a mission rooted in integrity and a genuine desire to make a difference.
Our conversation with Pamela Mantone was eye-opening and empowering. By arming ourselves with the proper knowledge and tools, we can proactively safeguard our businesses against fraud. And with experts like Pamela leading the charge, the fight against financial misconduct is far from over.
So, if you’re ready to dive deeper into forensic accounting and learn how to protect your business from fraud, check out Pamela’s book, “Using Analytics to Detect Possible Fraud.” It’s a must-read for any entrepreneur looking to stay one step ahead in today’s complex business landscape.
Mike Fallat, aka The BookMan, is the owner of Dreamstarters Publishing and the Million Dollar Book Agency. They have helped 300+ entrepreneurs become bestselling authors. His goal is to help 1,000 entrepreneurs publish books and teach them how to use their books as a gateway to generating 7-figures.
Visit website for more information: https://www.milliondollarbookagency.com/
[{"id":2202,"link":"https:\/\/blog.milliondollarbookagency.com\/carl-j-schramm-author-of-burn-the-business-plan-what-great-entrepreneurs-really-do\/","name":"carl-j-schramm-author-of-burn-the-business-plan-what-great-entrepreneurs-really-do","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/10\/Carl-Schramm.png","alt":""},"title":"Carl J. Schramm - Author of \"Burn the Business Plan: What Great Entrepreneurs Really Do\"","excerpt":"","content":"Mike interviews Carl J. Schramm. In the latest episode of Million Dollar Stories, Carl J. Schramm breaks down the powerful insights from his book, \"Burn","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Oct 15, 2024","dateGMT":"2024-10-15 12:09:29","modifiedDate":"2024-10-15 12:09:31","modifiedDateGMT":"2024-10-15 12:09:31","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":43},"status":"publish"},{"id":2194,"link":"https:\/\/blog.milliondollarbookagency.com\/carla-krieger-co-author-of-business-agility-journey-understand-how-business-agility-provides-continuous-adaptability-and-valued-results-to-customers\/","name":"carla-krieger-co-author-of-business-agility-journey-understand-how-business-agility-provides-continuous-adaptability-and-valued-results-to-customers","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/10\/Carla-Krieger.png","alt":""},"title":"Carla Krieger - Co-Author of \"Business Agility Journey: Understand How Business Agility Provides Continuous Adaptability and Valued Results to Customers\"","excerpt":"","content":"Mike interviews Carla Krieger. There\u2019s one thing every entrepreneur knows for sure: the world isn\u2019t waiting for anyone. If you're not adapting, you're falling behind.","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Oct 11, 2024","dateGMT":"2024-10-11 19:32:12","modifiedDate":"2024-10-11 19:32:15","modifiedDateGMT":"2024-10-11 19:32:15","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":2},"status":"publish"},{"id":2182,"link":"https:\/\/blog.milliondollarbookagency.com\/nichica-f-melton-co-author-of-female-money-playbook-the-female-financial-roadmap-navigate-to-wealth-with-confidence\/","name":"nichica-f-melton-co-author-of-female-money-playbook-the-female-financial-roadmap-navigate-to-wealth-with-confidence","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/10\/Nichica-F.-Melton.png","alt":""},"title":"Nichica F. Melton - Co-Author of \"Female Money Playbook: The Female Financial Roadmap. Navigate to Wealth With Confidence\"","excerpt":"","content":"Mike interviews Nichica F. Melton. In today\u2019s dynamic world, the journey toward financial independence can feel overwhelming, especially for women who balance the demands of","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Oct 8, 2024","dateGMT":"2024-10-08 16:54:46","modifiedDate":"2024-10-15 18:29:21","modifiedDateGMT":"2024-10-15 18:29:21","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":4,"sec":25},"status":"publish"},{"id":2174,"link":"https:\/\/blog.milliondollarbookagency.com\/nick-loper-author-of-virtual-assistant-assistant-the-ultimate-guide-to-finding-hiring-and-working-with-virtual-assistants\/","name":"nick-loper-author-of-virtual-assistant-assistant-the-ultimate-guide-to-finding-hiring-and-working-with-virtual-assistants","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/10\/ninck-loper.png","alt":""},"title":"Nick Loper - Author of \"Virtual Assistant Assistant: The Ultimate Guide to Finding, Hiring, and Working with Virtual Assistants\"","excerpt":"","content":"Mike interviews Nick Loper. What separates the average entrepreneur from the one who achieves true freedom? It's the ability to leverage resources and scale beyond","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Oct 4, 2024","dateGMT":"2024-10-04 12:00:00","modifiedDate":"2024-10-15 21:54:23","modifiedDateGMT":"2024-10-15 21:54:23","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":24},"status":"publish"},{"id":2170,"link":"https:\/\/blog.milliondollarbookagency.com\/nick-lavery-author-of-objective-secure-the-battle-tested-guide-to-goal-achievement\/","name":"nick-lavery-author-of-objective-secure-the-battle-tested-guide-to-goal-achievement","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/10\/nick-lavery.png","alt":""},"title":"Nick Lavery - Author of \"Objective Secure: The Battle-Tested Guide to Goal Achievement\"","excerpt":"","content":"Mike interviews Nick Lavery. In this recent episode of\u00a0Million Dollar Stories, the spotlight was placed\u00a0on Nick Lavery, a true warrior both on and off the","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Oct 3, 2024","dateGMT":"2024-10-03 20:06:08","modifiedDate":"2024-10-03 20:06:11","modifiedDateGMT":"2024-10-03 20:06:11","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":57},"status":"publish"},{"id":2157,"link":"https:\/\/blog.milliondollarbookagency.com\/luke-fatooros-author-of-1-page-planner-how-to-discover-your-red-hot-niche-of-cash-paying-raving-fans-dominate-it-become-the-business-customers-want-to-buy-from-smart-business-engine\/","name":"luke-fatooros-author-of-1-page-planner-how-to-discover-your-red-hot-niche-of-cash-paying-raving-fans-dominate-it-become-the-business-customers-want-to-buy-from-smart-business-engine","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/10\/luke-fatooros.png","alt":""},"title":"Luke Fatooros - Author of \u00a0\"1-PAGE PLANNER: How to Discover your Red-Hot Niche of Cash-Paying Raving Fans. Dominate it. Become the Business Customers Want to Buy From (Smart Business Engine)\"\u00a0","excerpt":"","content":"Mike interviews Luke Fatooros. When you're in the trenches of entrepreneurship, fighting daily battles, the right tools and mindset can make or break your business.","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Oct 2, 2024","dateGMT":"2024-10-02 11:28:00","modifiedDate":"2024-10-01 20:29:17","modifiedDateGMT":"2024-10-01 20:29:17","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":36},"status":"publish"},{"id":2154,"link":"https:\/\/blog.milliondollarbookagency.com\/erica-pauly-author-of-tracking-your-trek-looking-backward-to-determine-your-forward\/","name":"erica-pauly-author-of-tracking-your-trek-looking-backward-to-determine-your-forward","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/10\/erica-pauly.png","alt":""},"title":"Erica Pauly - Author of \"Tracking Your Trek: Looking Backward to Determine Your Forward\"","excerpt":"","content":"Mike interviews Erica Pauly. Pay attention if you\u2019re an entrepreneur hustling to make it big in the financial world. Recently, Erica Pauly joined the conversation","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Oct 1, 2024","dateGMT":"2024-10-01 20:21:19","modifiedDate":"2024-10-01 20:21:22","modifiedDateGMT":"2024-10-01 20:21:22","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":14},"status":"publish"},{"id":2137,"link":"https:\/\/blog.milliondollarbookagency.com\/antonio-nieto-rodriguez-author-of-harvard-business-review-project-management-handbook-how-to-launch-lead-and-sponsor-successful-projects\/","name":"antonio-nieto-rodriguez-author-of-harvard-business-review-project-management-handbook-how-to-launch-lead-and-sponsor-successful-projects","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/09\/Antonio-Nieto.png","alt":""},"title":"Antonio Nieto -Rodriguez - Author of \"Harvard Business Review Project Management Handbook: How to Launch, Lead, and Sponsor Successful Projects\"","excerpt":"","content":"Mike interviews Antonio Nieto-Rodriguez. In this conversation with Antonio Nieto-Rodriguez, the man behind Harvard Business Review Project Management Handbook: How to Launch, Lead, and Sponsor","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Sep 20, 2024","dateGMT":"2024-09-20 12:10:00","modifiedDate":"2024-09-19 12:12:04","modifiedDateGMT":"2024-09-19 12:12:04","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":20},"status":"publish"},{"id":2125,"link":"https:\/\/blog.milliondollarbookagency.com\/david-birch-author-of-money-in-the-metaverse-digital-assets-online-identities-spatial-computing-and-why-virtual-worlds-mean-real-business\/","name":"david-birch-author-of-money-in-the-metaverse-digital-assets-online-identities-spatial-computing-and-why-virtual-worlds-mean-real-business","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/09\/David-Birch.png","alt":""},"title":"David Birch - Author of \"Money in the Metaverse: Digital Assets, Online Identities, Spatial Computing, and Why Virtual Worlds Mean Real Business\"","excerpt":"","content":"Mike interviews David Birch. In this episode of Million Dollar Stories, We had the pleasure of sitting down with David Birch, author of Money in","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Sep 19, 2024","dateGMT":"2024-09-19 12:08:00","modifiedDate":"2024-09-18 15:16:42","modifiedDateGMT":"2024-09-18 15:16:42","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":5},"status":"publish"},{"id":2122,"link":"https:\/\/blog.milliondollarbookagency.com\/patrina-dixon-author-of-it-my-money-a-guided-journal-to-help-you-manage-your-finances\/","name":"patrina-dixon-author-of-it-my-money-a-guided-journal-to-help-you-manage-your-finances","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/09\/Captura-de-pantalla-2024-09-18-084903.png","alt":""},"title":"Patrina Dixon - Author of \"It\u2019$ My Money \u2013 A Guided Journal to Help You Manage Your Finances\"","excerpt":"","content":"Mike interviews Patrina Dixon. When it comes to financial success, getting lost in the endless sea of advice is easy. Everyone\u2019s got an opinion on","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Sep 18, 2024","dateGMT":"2024-09-18 14:50:55","modifiedDate":"2024-09-18 14:50:57","modifiedDateGMT":"2024-09-18 14:50:57","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":0},"status":"publish"},{"id":2106,"link":"https:\/\/blog.milliondollarbookagency.com\/steven-stroum-author-of-success-and-self-discovery-a-business-memoir-with-insightful-tips-and-personal-development-advice-that-will-help-any-entrepreneur\/","name":"steven-stroum-author-of-success-and-self-discovery-a-business-memoir-with-insightful-tips-and-personal-development-advice-that-will-help-any-entrepreneur","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/09\/Captura-de-pantalla-2024-09-13-132254.png","alt":""},"title":"Steven Stroum - Author of \"Success And Self-Discovery: A Business Memoir With Insightful Tips And Personal Development Advice That Will Help Any Entrepreneur\"","excerpt":"","content":"Mike interviews Steven Stroum. In this episode of Million Dollar Stories, We sat down with Steven Stroum, who embodies the grit and self-awareness every entrepreneur","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Sep 13, 2024","dateGMT":"2024-09-13 16:25:16","modifiedDate":"2024-09-13 16:25:19","modifiedDateGMT":"2024-09-13 16:25:19","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":0},"status":"publish"},{"id":2088,"link":"https:\/\/blog.milliondollarbookagency.com\/greg-crabtree-author-of-simple-numbers-straight-talk-big-profits-4-keys-to-unlock-your-business-potential\/","name":"greg-crabtree-author-of-simple-numbers-straight-talk-big-profits-4-keys-to-unlock-your-business-potential","thumbnail":{"url":"https:\/\/blog.milliondollarbookagency.com\/wp-content\/uploads\/2024\/09\/Captura-de-pantalla-2024-09-05-121838.png","alt":""},"title":"Greg Crabtree - Author of \"Simple Numbers, Straight Talk, Big Profits!: 4 Keys to Unlock Your Business Potential\"","excerpt":"","content":"Mike interviews Greg Crabtree. In this episode of Million Dollar Stories, I had the pleasure of sitting down with Greg Crabtree, who's spent his life","author":{"name":"Bookman Forever","link":"https:\/\/blog.milliondollarbookagency.com\/author\/mdbapodcast\/"},"date":"Sep 6, 2024","dateGMT":"2024-09-06 12:00:00","modifiedDate":"2024-09-05 15:20:53","modifiedDateGMT":"2024-09-05 15:20:53","commentCount":"0","commentStatus":"open","categories":{"coma":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>","space":"<a href=\"https:\/\/blog.milliondollarbookagency.com\/category\/podcasts\/\" rel=\"category tag\">Podcasts<\/a>"},"taxonomies":{"post_tag":""},"readTime":{"min":5,"sec":46},"status":"publish"}]