The most effective way to ensure oversight, improve accuracy and prevent fraud is by dividing crucial duties and responsibilities across the organization.
Did you pay tax on a Section 965 inclusion in 2017? Do you plan to repatriate cash out of the earnings that were taxed under Section 965?
If your company reports under AICPA SOC (System and Organization Controls) 2, you should already be preparing for the new guidance and updated Trust Services Criteria (TSC) that take effect for periods ending after December 15, 2018.
With millions of dollars at stake, an overextended real estate developer has a lot to lose if lack of funds causes a project to collapse. To attract investment capital, some developers have been known to resort to financial statement fraud.
With the number of individuals impacted by Starwood breach, the big question yet to be answered is, “Who was specifically impacted?”
A new standard published in 2016 by the Financial Accounting Standards Board (FASB) will change the way banks report expected credit losses.
Manufacturers are more vulnerable to fraud than companies in other industries. The median fraud loss in the manufacturing sector was $240,000, according to the 2018 Report to the Nations published by the Association of Certified Fraud Examiners (ACFE).