fraud and occupational fraud

Occupational Fraud is the Most Common Financial Crime

June 2022

“Occupational Fraud is very likely the costliest and most common form of financial crime in the world” as per the 2022 Report to the Nations issued by the Association of Certified Fraud Examiners (ACFE) – the world’s largest anti-fraud organization. 

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accounting services and "sevicios de contabilidad"

OFAC Pone Los Servicios de Contabilidad a los Ciudadanos Rusos Fuera de los Límites

June 2022

Los servicios de contabilidad, la formación de empresas y fideicomisos o los servicios de consultoría de gestión ahora están fuera del alcance de los ciudadanos rusos según el anuncio de la Oficina de Control de Activos Extranjeros (“OFAC”) del Departamento

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accounting services and "sevicios de contabilidad"

OFAC puts Accounting Services to Russian Nationals Off-Limits

June 2022

Accounting Services, Trust and Corporate Formation, or Management Consulting Services are now off limits to Russian Nationals as per the May 8, 2022 U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announcement of a Determination pursuant to

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IRS Audit

What To Do If The IRS Wants to Audit You

November 2021

Rule #1: Don’t Panic! Under the Biden Administration’s proposed American Families Tax Plan, there is the possibility of more tax audits, but only for a certain groups of high income people. That’s because more information would be reported to the

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tax fraud

EN POCAS PALABRAS: NUNCA SE ENCUENTRE EN UN CASO DE FRAUDE FISCAL SIN UN ABOGADO Y UN CONTADOR FORENSE TRABAJANDO EN UN EQUIPO

November 2021

El IRS agregó recientemente nuevas categorías de fraude fiscal En su Manual de Fraude actualizado recientemente, el IRS agrega nuevas categorías de fraude fiscal, incluyendo el ocultamiento de cuentas bancarias nacionales o extranjeras y activos digitales como la moneda virtual.

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tax fraud

How a Forensic Accountant Can Help Attorneys in Tax Fraud Cases

November 2021

The IRS recently added new categories of tax fraud In its recently updated Fraud Handbook, the IRS adds new categories of tax fraud, including concealing domestic or foreign bank accounts and digital assets such as virtual currency. And they are

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audit blue image

Forensic Audits are Trending

July 2021

The demand for forensic auditing services is soaring during our ongoing Covid-19 pandemic. In the space of Certified Public Accountants (CPA) service offerings, forensic auditing is a recognized   tool for detecting and preventing fraud or financial crimes.  Keep in mind

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fraud

How is your Organization’s Performance with Respect to Fraud?

May 2021

US Regulations including the Foreign Corrupt Practices Act (FCPA), Sarbanes-Oxley Act and Anti-Bribery legislation require that Management in a business have a zero tolerance for fraud and have an Audit Committee in place that will establish the procedures for receipt

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corporate governance

Forensic Accountants augment a Financial Institution’s Corporate Governance Program

April 2021

A financial institution’s understanding and management of financial crimes and their genesis would enhance and strengthen its Corporate Governance programs and internal controls.  Forensic Accountants with a law enforcement background and with an understanding of the provisions of the Bank

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proof

IRS Agents Use Methods of Proof

December 2020

The IRS has tools inside of its Internal Revenue Manual (“IRM”) available to its agents for determining a Taxpayer’s taxable income as well as documenting its adjustments and corrections through what it calls “Methods of Proof”.  The IRM describes seven

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forensic accountant mug

A Forensic Accountant digs beneath the surface and finds what is missing

December 2020

The decision to hire a Forensic Accountant can be a gamble. Not all possess critical characteristics such as being able to see beyond what is immediately in front of them utilizing a panoramic approach.  Traditionally, a CPA looks at historical

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forensic accountant

Working together, Attorneys and Forensic Accountants Can Bring About Optimal Solutions

December 2020

There is a value added for a client when an Attorney is working in tandem with a forensic accountant. Litigation often involves overlapping complex accounting and legal issues. Working together, Attorneys and Forensic Accountants can bring about optimal solutions. Clients

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