Contact: 205-716-7000
Contact: 205-716-7000
Contact: 205-716-7000
Contact: 205-716-7000
Organizations often take it as an article of faith that their auditors are following professional standards—and for good reason. Publicly
Accountant malpractice claims have been a growth industry for litigators for more than two decades, thanks to increasingly strict professional
CPAs, especially those in smaller accounting practices, usually have close relationships with their clients—and rightfully so. After all, who else
Originally published by ACFE Insights. Smart people commit fraud every day. A recent case gives us a prime example. A federal
This failure of duty matters – it violates public trust and costs innocent people their jobs, their pensions and above
This is violation of trust, and it matters! Auditors must design their audits to look for fraud, and failure to
25 years ago, a dream came true – Forensic Strategic Solutions (FSS) came to life! In October of 1992, FSS was created as the product of a plan to specialize in investigative financial services. We narrowed our scope to the specific field of fraud investigation, while also serving as expert witnesses on complicated financial matters. Many people thought such a niche practice would not be successful, but today, the industry continues to flourish. In fact, back in 1992, few people – especially in the general public – had even heard of forensic accounting. Most folks thought forensic accounting was providing accounting services to dead people!
Or… has technology already changed auditing?
The accounting and auditing world is buzzing with talk of how automation and other technologies will reshape the accounting profession. Oh, how slow this world catches on! The reshape should have already taken place as both technology and automation have far surpassed the capabilities and knowledge of most auditors.
The premier annual conference for anti-fraud professionals just concluded in Nashville at Music City Center. Nashville has every reason to beat its chest about this new venue — it is just fantastic. It’s as good as, if not better than, any conference center in any major city across the country.
Charitable giving, while good with intent, is not always received as expected. Let’s say you and I give to a seemingly worthwhile charity. You may be surprised at who really takes from the charity – frequently, it’s the fundraisers and executives. Oftentimes the fundraisers and executives are one in the same, since many founders will leave the charity to start a consulting and fundraising business to contract with the charity. This is really where it begins to get out of hand.
Most CPAs will never face the underbelly of an accounting malpractice lawsuit. Those who do, however, will say the challenges are something they never want to experience again in their lives.
As a frequent speaker on the subject of fraud, people often ask me, “How do you investigate fraud?” My answer is always the same: You look for the anomaly. To me, it sounds so simple until I step back and realize that most people cannot see the anomaly, although it is usually right in front of them.