News & Articles

Tax Fraud Awareness: How to Protect Your Identity and Assets

Posted on Tue, Jan 17, 2017

The IRS, taxpayers and tax preparers share a common enemy: identity thieves. We all have a part to play in the fight against tax-related identity theft. Your role starts by learning the mechanics and warning signs. From there, taxpayers can take proactive steps to protect their data online and at home.

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Tags: Tax, IRS, Fraud, Tax Return

FBI Case Exposes Massive Telefraud Scheme

Posted on Fri, Dec 16, 2016

Do you dread getting phone calls from unfamiliar sources? It seems that callers are more likely to be aggressive solicitors, pushy telemarketers or even devious con artists than legitimate business people. Criminals typically target the elderly, disabled people or immigrants, threatening them with fines, penalties or deportation if they don't make payments to the callers. In some cases, unsuspecting victims lose their entire life savings.

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Tags: Assets, Fraud

Fraud Alert: The ACFE Puts a Spotlight on White Collar Crime

Posted on Wed, Nov 09, 2016
 

The average organization loses 5% of its annual revenues to fraud, according to the 2016 Report to the Nations on Occupational Fraud and Abuse published by the Association of Certified Fraud Examiners (ACFE). Bear in mind, that's the top line of your income statement, not the bottom. So, for every $1 million in annual revenue, your company is expected to lose an average of $50,000 to thieves.

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Tags: Fraud, white collar, Business Owner

New Study Confirms the Prevalence and Cost of White Collar Crime

Posted on Tue, May 17, 2016

For 20 years, the Association of Certified Fraud Examiners (ACFE) has been publishing studies every two years to raise awareness of occupational fraud, and the role strong internal controls can play in limiting these schemes. The 2016 Report to the Nations on Occupational Fraud and Abuse covers more than 2,400 cases of white collar crime, occurring in more than 100 countries. About 1,000 of these cases involved U.S. organizations.

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Tags: Fraud, Small Business, Internal Audit, IT Control

Save the Date: International Fraud Awareness Week

Posted on Mon, Nov 02, 2015

The average organization loses 5% of its annual revenues to fraud, according to the 2014 Report to the Nations on Occupational Fraud and Abuse published by the Association of Certified Fraud Examiners (ACFE). Bear in mind, that's the top line of your income statement, not the bottom. So, for every $1 million in annual revenues, your company is expected to lose an average of $50,000 to fraudsters.

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Tags: Anti-Fraud, Fraud, ACFE

Test Your Fraud IQ

Posted on Wed, Nov 19, 2014

If you think occupational fraud and abuse can't happen at your company, think again. Fraud is a global epidemic. In a recent study, the Association of Certified Fraud Examiners (ACFE) estimates that the typical business loses 5 percent of its revenues each year to fraud. Put another way, this equates to $50,000 for every $1 million in annual revenues.

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Tags: EHTC Article, Fraud, Newsletter, Articles, ACFE, Occupational Fraud

New Fraud Study: How Can Your Organization Prevent Losses?

Posted on Thu, May 29, 2014

Every two years, the Association of Certified Fraud Examiners (ACFE) publishes a study detailing the costs, schemes, perpetrators and victims of occupational fraud. The 2014 edition of the Report to the Nations on Occupational Fraud and Abuse was just released. It covers nearly 1,500 cases of white collar crime, occurring in more than 100 countries. About 650 of these cases involved U.S. organizations.

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Tags: EHTC Article, Business, Occupational Fraud and Abuse, Fraud, Articles, Internal Audit, IT Control

Smart Device Users Beware: Fraud May Be Just a Click Away

Posted on Fri, Feb 21, 2014

You've installed anti-virus software to protect your business network and personal computer. You know the signs of phishing scams (including unfamiliar senders, poor grammar and misspelled words). And like most people who use the Internet today, you never open a suspicious e-mail or download files from a questionable website.

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Tags: EHTC Article, CPA Firm, Fraud, Articles, Smart Device, QR Codes

Protect Your Intellectual Property from Theft

Posted on Mon, Mar 11, 2013

Billions of dollars are lost annually by U.S. companies to foreign and domestic competitors who deliberately steal intellectual property, according to the FBI. In one recent case, one engineer was convicted of downloading and stealing trade secrets on the job. Here are the details of the case, along with some best practices that can help your company prevent intellectual property theft.

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Tags: case study, government consulting, Corporate Income Tax, Consumer Alert, business consulting, Fraud, Articles, EHTC

Consumer Alert from the IRS

Posted on Tue, Oct 16, 2012

Taxpayers should be on the lookout for an email-based phishing scam now circulating that targets Department of Defense military members, retirees and civilian employees. The email appears to come from Defense Finance and Accounting Services and displays a .mil email address. The email states that those receiving disability compensation from the Department of Veterans Affairs (VA) may be able to obtain additional funds from the IRS. Email recipients are then asked to send various VA and IRS documents containing their personal and financial information, such as copies of VA award letters or their income tax returns, to an address in Florida.

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Tags: Tax, News, Consumer Alert, Fraud