Colorado has taken what may be a first-in-the-nation approach to combat fraud and ID theft with the creation of the Colorado Fraud Investigators Unit, a division of the Colorado Bureau of Investigation (CBI). While other states have regional fraud units, CBI officials say the new unit is the first of its kind in the nation to be organized statewide. The unit will help train law enforcement agencies in investigating ID theft and financial fraud, and educate banks, merchants and the public.

The law creating the anti-fraud unit, Colorado House Bill 06-1347, was drafted with help from the Colorado Bankers Association. The CBI fraud unit is funded in part by surcharges on Uniform Commercial Code filings, lender licenses and money transmitter licenses. According to the Federal Trade Commission, Colorado is fifth-worst in the nation in fraud and ID theft.

The full text of the enabling statute is available at .


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.