AICPA Warns of Possible Pretexting Calls

The American Institute of Certified Public Accountants (AICPA), recently alerted members that someone posing as an AICPA employee has been contacting accounting firms requesting employee lists for various purposes. Depending on the type of information being requested, this type of call may be pretexting and it is illegal.

The Federal Trade Commission (FTC) defines “pretexting” as the practice of getting personal information under false pretenses. Pretexters will use a variety of excuses in an attempt to gain personal information. Once they obtain the personal information they are seeking, they may sell it to people who will use it for identity theft or use it themselves to investigate or stalk an individual.

Some personal information is a matter of public record, including home- or property-ownership, real estate taxes and whether a person or firm has ever filed for bankruptcy. It is not pretexting to collect this type of information.

It is, however, illegal for anyone to obtain customer information from a financial institution or a customer of a financial institution by:

  • using false, fictitious or fraudulent statements
  • using forged, counterfeit, lost or stolen documents
  • asking a third person to get someone else’s information using false, fictitious or fraudulent statements or forged, counterfeit, lost or stolen documents.

Human resources experts advise that a business must disclose certain information in order to verify employment history. Because laws governing what an employer can and cannot say about employees are often complex, it is recommended all calls requesting personal information be transferred to a representative of the human resources or personnel departments when they cannot be transferred directly to the person that is being inquired about. Firms receiving calls from suspect “AICPA employees” are also asked to contact Jay Rothberg, AICPA Vice President at jrothberg@aicpa.org.

It is possible that the person, or persons, calling accounting firms represent recruiters or corporate headhunters seeking contact information to use in recruiting efforts, as the AICPA suggests. But what if they aren’t?

You may like these other stories...

Ernst & Young 2013 audit deficiency rate 49%, regulators sayMichael Rapoport of the Wall Street Journal reported on Thursday that the Public Company Accounting Oversight Board (PCAOB) found deficiencies in 28 of the...
Some of your clients may get away to business conventions from time to time. It gives them a chance to rub shoulders with colleagues, catch up on the latest developments, and fine-tune their skills. And, when the meetings or...
PwC must face $1 billion lawsuit over MF Global adviceA federal judge on Wednesday ordered PricewaterhouseCoopers (PwC) to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the...

Already a member? log in here.

Upcoming CPE Webinars

Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 10
Transfer your knowledge and experience to prepare your team for the challenges and opportunities of an accounting career.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.