Fraud


FRAUD

The Treasury reports a sharp rise in the frequency of identity theft—for example, fraudulent use of Social Security numbers to obtain loans for buying luxury cars—and offers tips on how to detect suspicious financial activity and notify the appropriate authorities ( www.treas.gov/fincen/sarreview06182001.pdf ; www.treas.gov/fincen/sarreview2issue4web.pdf )

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.