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Business opportunities make forensics, fraud examination credential worth investigating
Demand for forensic accounting services from businesses of all sizes has made qualifying for a second certification in forensics and fraud examination an attractive option for accountants.
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SEC Shadow NAV rule means greater transparency for investors
The Securities and Exchange Commission has announced that, for the first time, investors can access detailed information that money market funds file with the SEC.
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Get off my cloud!
How does one know that confidential client information will stay confidential as it gets bounced between servers, Ethernet wires, and routers? Peter Budreski shares his ideas about confidentiality in the cloud.
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NBC accountant's attorney calls embezzlement accusation 'cuckoo'
A lot of young people would have loved Matthew Rudolph's job as an accountant for NBC's show 30 Rock. As it turns out, there might be a vacancy. After being accused of padding his corporate expense account to the tune of about $13,600, Rudolph is now awaiting arraignment.
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Buck and Schroeder join Financial Accounting Standards Board
The Financial Accounting Foundation has announced the appointments of Daryl E. Buck and R. Harold (Hal) Schroeder to the FASB. Buck and Schroeder will fill two additional seats on the FASB that were announced in August, bringing the size of the FASB board to seven members.
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Colorado tax preparer permanently barred from practice
A federal court in Denver has permanently barred Curtis L. Morris of Elizabeth, CO, from preparing federal tax returns for others, the Justice Department announced this week.
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It is estimated that businesses, particularly small businesses, lose 5 percent of their annual revenues to fraud. The silver lining in this disturbing news is that accountants are expanding their services to specialize in helping clients identify internal control weaknesses, detect fraud, and set up fraud prevention programs. Our lead article today explains the skills as well as the personality traits required for forensic accounting and fraud examination.
Best wishes,
Gail Perry, CPA

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