Hot Topics

  • Non-Profits Easy Targets for Fraudsters Article by SDCCPA

    Non-Profits – Easy Targets for Fraudsters

    Caring Hands was a non-profit organization providing mental health care and substance abuse rehabilitation services in Pennsylvania. Ms. Graham, one of Caring Hands’ social workers, visited clients’ homes to provide social services for families and children. Ms. Graham would compile case notes and information for families and children and submit timesheets to Caring Hands; Caring […]

  • Inventory 101 Article by SDCCPA

    Inventory 101

    When a company’s inventory count comes up short, the hunt for the missing inventory begins. Are employees are stealing from the warehouse in the middle of the night? Is a dishonest bookkeeper recording fictitious purchases and pocketing the difference? Possibly. But while employee theft may be the reason, less nefarious causes might be to blame. […]

  • What is Your Roomba Vacuuming Up Article by SDCCPA

    What is Your Roomba Vacuuming Up?

    Facebook, Bluetooth, the iPod, “smart” televisions: innovations in the past few years have transformed the way we live. Nearly two-thirds of Americans own a smartphone. By 2020, it is expected each person worldwide will have more than six connected devices on average. The “internet of things” is a technological development with an increasing presence in […]

  • Opportunity Not Gender Matters Article by SDCCPA

    Opportunity, Not Gender, Matters

    Mary, Dr. Martin’s “second wife”, worked as the doctor’s office manager for thirty years. Mary knew Dr. Martin’s habits. She managed the practice, had access to company and personal credit cards, performed banking and even picked up Dr. Martin’s dry cleaning. A trusted employee, Mary was efficient. Mary was nice. But Mary was a thief – […]

  • Establishing a Company Social Media Policy Article by SDCCPA

    Establishing a Company Social Media Policy

    Richard Hy, a New York policeman, found out the hard way that joking on social media about stealing cocaine from the evidence room was a bad idea. Hy was suspended without pay. A waitress was recently fired for posting complaints about a customer on Facebook. A woman lost a job offer at  Cisco because of […]

  • Whistleblower Hotlines article by SDCCPA

    Whistleblower Hotlines: A Powerful Tool in the Fraud Prevention Toolbox

    Tips are one of the most common fraud detection methods. In 2016, the Association of Certified Fraud Examiners analyzed more than 2,000 cases of occupational fraud in 114 countries. In approximately 39% of cases, the fraud was discovered by receiving a tip. Organizations with reporting hotlines are more likely to detect fraud than organizations without […]

  • The Face of Fraud Article by SDCCPA

    The Face of Fraud

    Crime tends to require three elements: motive, desire and opportunity. Employee theft is no different. Being aware of the reasons leading up to employee theft and learning to identify likely perpetrators can give employers a leg up on protecting their companies from theft. Motive & Desire Employees who steal usually have their motives. For example, […]

  • Who's on Your Payroll Article by SDCCPA

    Who’s on Your Payroll?

    Make no mistake. Payroll fraud is real. Recently, the Association of Certified Fraud Examiners (ACFE) found payroll fraud occurred in 27% of all businesses, nearly twice as often in small businesses. Worsening the outlook, payroll fraud lasts for an average of three years, with businesses taking a median hit of $145,000.00. That’s three years of […]

  • Home Sweet Home Article by SDC CPA

    Home Sweet Home

    Sunset Villas is a condominium complex with fifty units on the shores of Lake Michigan. Owners pay $550.00 a month in dues towards neighborhood and maintenance, including the upkeep of the pool and common areas. When the owners hired a property management company, they didn’t realize Sunset Villas was a tempting, lucrative target. Homeowners associations […]

  • 2017 SDC CPA Halloween Contest

    On October 31, 2017, SDC held our annual Halloween Costume Contest. Costumes ranged from Peter Pan to a giant grumpy white cat to a witch and even a lamp (complete with cord). This year’s prize winner dressed as an Identity Thief – wearing a black cap and black clothes covered with name tags. All joined […]

  • SDCCPA Hot Topics

    Avoiding Cultural Misunderstandings

    India is the world’s second-fastest growing economy. According to the McKinsey Global Institute, India’s consumer market is expected to quadruple over the next twenty years. For U.S. small businesses, India holds the promise of tremendous opportunity. As the number of U.S. companies doing business in India increases, the number of Indian policy holders is expected […]