Financial statement fraud is generally defined as the falsification, alteration, or manipulation of material financial records, supporting documents, or business transactions. It is often perpetrated by the intentional omissions or misrepresentations of events, transactions, accounts, or other significant information from which financial statements are prepared. According to the Association of Certified Fraud Examiners 2020 Report to [...]
Every year, tax season creates opportunities for criminals looking to steal your money. The IRS just issued an Alert regarding a new tax fraud. Criminals are targeting CPA firms and tax professionals to obtain client information. The criminals use this information to prepare fraudulent tax returns (with your correct social security number, address, dependents, bank [...]
When analyzing financial statements, you may need to assess whether they are wrong. You may need to assess whether they indicate undisclosed problems, as well. Some comfort may be gained by the situation, and perhaps some corroborative information, such as: Does the company use an outside CPA, and if so, what services does the CPA provide? [...]