Fraud advice and more on the value of client advisory services
A fraud expert shares advice for businesses on segregation of duties, unintended consequences of pandemic-related relief, and more.
Forensic Services
Fighting fraud with business continuity planning
Preparation may be the best defense against fraud when disaster strikes.
How a church can prevent fraud without compromising its values
Religious organizations are vulnerable to fraud precisely because of the tenets of trust and forgiveness that define them, and the pandemic has led to increased risks. CPAs are in a position to advise churches on steps they can take to reduce fraud risk without compromising their principles.
Staying vigilant against fraud during the pandemic
Internal controls need to be front and center, as the COVID-19 crisis has increased the incentive and opportunity for fraud.
Fighting fraud on a limited budget
Even in difficult economic times, it’s important to keep up the processes and controls that prevent fraud.
Identity theft a risk to consumers as online purchases increase
Amid a pandemic-related surge in online shopping, identity theft poses a more significant risk to consumers. Nearly 1 in 5 Americans experienced identity theft attempts, according to a new AICPA survey.
Deterring and detecting fraud at a time of heightened risk
Fraud risks have increased as a result of the coronavirus pandemic. A new report by the Anti-Fraud Collaboration provides strategies for mitigating those risks.
Developing a strong fraud-mitigation program
This article suggests practices that can aid in creating an effective fraud-mitigation plan.
Robert Beranger, CPA/CFF
The coronavirus pandemic is presenting new challenges to CPAs related to fraud, according to forensic accountant and former Treasury special agent Robert Beranger, CPA/CFF.
5 things CPAs need to know about bankruptcy
Examine aspects of bankruptcy, including whether a CPA is likely to get paid and steps that a business can take when dealing with a bankrupt customer.
Financial fraud risks to watch for amid the pandemic
CPAs need to be especially watchful for fraud amid the severe financial pressures associated with the coronavirus pandemic.
Emergence through fresh-start reporting
As an entity moves through the bankruptcy process, it must meet certain criteria to qualify, upon emergence, for fresh-start reporting under FASB ASC Topic 852, Reorganizations.
Auditing fraud risk during a pandemic
Fraud risk in the financial statements has been elevated amid the coronavirus pandemic. Here’s what practitioners need to know as they audit the risks of fraud during their engagements.
Remote forensic interviews
Careful preparation and precise camera positioning can maximize the effectiveness of remote forensic interviews.
COVID-19 challenges to forensic accounting
This article discusses some of the unique challenges, and opportunities, for forensic accountants in the COVID-19-altered economy.
Spotting fraud during the bankruptcy process: Top red flags
CPAs will need to be vigilant to see these warning signs of fraud as post-pandemic bankruptcies begin to rise.
Becoming a fraud fighter
CPAs can take steps to minimize the danger in a time of heightened fraud risks.
What’s your fraud IQ?
How prepared are you to deal with coronavirus-related fraud?
IRS updates annual Dirty Dozen tax schemes for 2020
The IRS issued its top 12 “Dirty Dozen” tax scams, warning people to be vigilant to avoid these schemes all year round. New to the list is the “offer in compromise mills.”
Becoming a fraud fighter
By developing an investigative mindset, CPAs can make themselves indispensable during this trying time.
