Even in difficult economic times, it’s important to keep up the processes and controls that prevent fraud.
Internal controls need to be front and center, as the COVID-19 crisis has increased the incentive and opportunity for fraud.
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.
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.
This article suggests practices that can aid in creating an effective fraud-mitigation plan.
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.
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.
CPAs need to be especially watchful for fraud amid the severe financial pressures associated with the coronavirus pandemic.
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.
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.
Careful preparation and precise camera positioning can maximize the effectiveness of remote forensic interviews.
This article discusses some of the unique challenges, and opportunities, for forensic accountants in the COVID-19-altered economy.
CPAs will need to be vigilant to see these warning signs of fraud as post-pandemic bankruptcies begin to rise.
CPAs can take steps to minimize the danger in a time of heightened fraud risks.
How prepared are you to deal with coronavirus-related fraud?
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.”
By developing an investigative mindset, CPAs can make themselves indispensable during this trying time.
This article discusses how accountants can spot the telltale sings that increasingly mainstream virtual currencies are being used to squirrel away illicit funds.
Accountants can play a role in making sure the money set aside to help small business goes to the right places.
Look out for these telltale signs that a co-owner is misusing the business’s funds.