January 2021

Championing Diversity: Investing in Native CPAs

January 30, 2021 by Kerry Sapet

In the Association of International Certified Public Accountants (AICPA) “2019 Accounting Graduates Supply and Demand Report,” a key statistic sparked a change....

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The Surge in Unemployment Benefits Identity Theft

January 30, 2021 by Kerry Sapet

The COVID-19 pandemic has caused severe financial strain as millions continue to face layoffs, furloughs, and reduced hours. This spike in joblessness...

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How Scammers Target Vulnerable Populations

January 30, 2021 by Kerry Sapet

In 2019 the Federal Trade Commission (FTC) reported approximately $2 billion in losses due to scams targeting private individuals, with estimates for...

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Celebrities Who Started Their Careers in Accounting

January 26, 2021 by Kerry Sapet

The utility of accounting careers and the analytical, mathematical focus of accountancy may be responsible for the stereotype of accounting being plain or dull. Bucking this stereotype, a number of celebrities’ careers began in accounting. Ranging from professional singers and athletes to bestselling authors, these famous individuals studied or practiced accountancy before they landed in...

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Detecting and Preventing Payroll Fraud

January 24, 2021 by Kerry Sapet

Payroll fraud, or schemes in which employees use means to deceive employers into issuing undue payments, represents one of the most common forms of employee theft....

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Busting Ghost Employee Schemes

January 24, 2021 by Kerry Sapet

One of the first major cases of employee fraud to break in 2021 was a “ghost employee” scheme in which a computer...

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Lessons From the Largest Municipal Fraud in American History

January 17, 2021 by Kerry Sapet

In 2012, the small town of Dixon, Illinois found its claim to fame; it was the site and victim of a $53 million embezzlement scheme perpetrated by a former town...

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Preparing for the Threat of Deep Fakes

January 17, 2021 by Kerry Sapet

In 2018, hobbyists experimenting with machine learning and artificial intelligence reached a remarkable technological achievement with deeply problematic ramifications: the first widely...

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Trailblazers in Accounting: Kimberly Ellison-Taylor

January 17, 2021 by Kerry Sapet

In 2016, the American Institute of CPAs (AICPA) chose its first African-American Chairman of the Board of Directors, Kimberly Ellison-Taylor, CPA, CGMA. With her leadership experience at NASA, Motorola, and Oracle – as well...

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Making Connections to Encourage Accounting Students

January 9, 2021 by Kerry Sapet

Universities, advocacy organizations, and accounting professionals are currently faced with an important question: what will it take to ensure a healthy, sustainable...

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