Experience has shown that embezzlers are opportunists that find weaknesses in systems and exploit them. The Association of Certified Fraud Examiners issued their 2018 Report to the Nation a Global Study[1]. The study shows that employees commit the largest percentage...
The victims of occupational or corporate fraud (asset misappropriation, embezzlement, etc.) can range from individuals to several entities including, small business, public companies, government entities, not for profit entities, estates and trusts, and other...
Guest Author: Laurie M. East, CPA Theft and embezzlement are widespread in healthcare, and according to the Association of Certified Examiners, approximately $25 billion annually is lost in medical practice offices from theft and embezzlement by employees. According...
This is a continuation of “The Importance of Maintaining Proper Records for the IRS.” The most current data available from the Internal Revenue Service shows that the IRS audits currently are handled by correspondence audits (74.8% in Calendar year 2017). The...
The Internal Revenue Code requires individual taxpayers file on April 15th of each year to file an extension Form 4868, which allows you to estimate your tax liability for the prior year and make a payment. If you do not file an extension and allow your return to...
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