Fraud | AccountingWEB

Fraud

A&A

Number of Accounting Fraud Cases Continues to Rise

The spike in fraud cases in 2014 are due in part to the SEC's heightened focus on accounting issues, according to a recent Cornerstone Research report.
Tax

April Showers Bring More Criminal Prosecutions by the IRS

An analysis of government data shows that many IRS prosecutions are timed to coincide with tax-filing season.
A&A

Clarified Auditing Standards: Fraud in a Financial Statement Audit

Normally, the risk of not detecting material misstatements due to fraud is higher than with error.
Tax

Study: Security of Personal Info Top of Mind for Many Americans This Tax Season

Tax-time ID theft once again made the IRS’s “Dirty Dozen” list of tax scams. But you don’t have to become a victim.

Don't Try This at Home: Sex Addiction Is no Excuse for Tax Fraud

This CPA was very, very naughty. But you have to give him credit for an imaginative defense.
Practice

Reporting Income from Offshore Investment: A Cautionary Tax Tale

Are you absolutely sure your clients have no offshore exposure? This is something to handle with great care.

Crime Story: Defendants Charged In Massive Debt Collection Scam

The telephone can be a frightening weapon in the hands of con artists and other criminals.
Tax

'Jersey Shore' Star Ends Up in One Fine Tax Mess

Mike Sorrentino, one of the stars on the former TV show "Jersey Shore," is having legal troubles. But the arraignment was postponed so that he could participate in a new reality TV show.
A&A

Audit Fraud: The Confirmation Angle

Sponsored Content from Confirmation.com: AccountingWEB takes a look at confirmations in audit engagements, how they can serve as a doorway to fraud, and what you can do about it. Today, auditors have to fight fire with fire.
Practice Management

New Major IRS Phone Scam Highlights Dangers

Well-disguised con artists lurk all over the Internet with plausible, but dangerous, schemes centered on the IRS and other entities. Be very careful.
Practice

PwC Survey: No Let Up In Fraud at US Companies

Forty-five percent of organizations in the United States experienced some type of fraud in the past two years, more than the global average of 37 percent, according to a recent global survey from Big Four firm PwC. In addition, two types of economic crimes are particularly on the rise: accounting fraud and bribery and corruption.
Tax

Report: IRS Criminal Prosecutions Up 23.4% under Obama

A new report from Syracuse University found that the number of referrals for criminal prosecution by the IRS has risen by nearly a quarter under the Obama administration compared to George W. Bush’s years in the White House.
Tax

Bernie Madoff Cried as His Empire Toppled

The name Bernard Madoff has become synonymous with investment scams after his firm defrauded investors of $20 billion in investments and $47 billion in fake profit his clients believed they had.
Tax

IRS Warns Taxpayers of Phone Scam

A phone scam in which taxpayers, especially recent immigrants, are told they owe money to the IRS and are threatened with arrest or deportation if they don't pay up has been occurring lately in nearly every state in the country.
Tax

TIGTA Wants IRS to Take Steps to Prevent Fraudulent Refunds

After reviewing the IRS's primary tool for detecting fraudulent tax returns, the TIGTA recommended the IRS take steps to fix ineffective income and withholding verification processes that are resulting in the agency issuing potentially fraudulent tax refunds.
Tax

Crime Watch: October 25, 2013

A Los Angeles man was sentenced October 24 to sixty months in federal prison for defrauding professional football player Dwight Freeney in a multimillion dollar fraud scheme.
Tax

Crime Watch: October 4, 2013

A massive case of organized tax and bank fraud culminated September 26 with the unsealing of four federal grand jury indictments accusing fifty-five people of participating in one or more illicit schemes, including the theft of more than 2,000 identities that were used to claim more than $20 million in bogus IRS tax refunds.
Tax

Crime Watch: September 26, 2013

A New York man admitted his role in one of the largest credit card fraud schemes ever charged by the Justice Department. He and a coconspirator caused more than $200 million in confirmed losses to businesses and financial institutions.
Tax

Crime Watch: September 6, 2013

David Haigler, who pleaded guilty in US District Court for the Middle District of Alabama September 5, 2013, to one count of theft of public funds and to one count of passing US Treasury checks with forged endorsements, faces twenty years in prison.
AccountingWEB Life

All in the Family Biz: Mother and Son Fraud Team

This is one family business that needs to close its doors forever. And if the Florida attorney general's office has its way, prison doors will close on this mother and son fraud team for a long time.

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