DM Studler

Author Archives

  • Taxes: An Unusual History

    “In this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin, 1817 Long, long ago, before there were forensic accountants and tax accountants, there were taxes. Taxes have roots that stretch back to the ancient world. More than 4,500 years ago, ancient Mesopotamians paid taxes in the form of livestock […]

  • Hacker Speak: Understand the Slang

    Hackers are inventive in many ways. Their lingo is no different. Like many groups, they have their own unique insider words and terminology. It’s a language that’s constantly evolving. While you don’t need to know the meaning of every word, it’s helpful to know terms relevant to things that might affect you. Some hacker slang, […]

  • Opportunities for Fraudsters: Is Your Credit Card Safe?

    How do fraudsters and dishonest employees steal monies from a merchant’s credit card processing system? Here are a few common ways: Stealing Cash and Substituting a Credit Card Charge Usually an employee who handles cash has access to a credit card processing machine. The employee will misappropriate cash and run a false or stolen credit […]

  • New Year, New Scam: Why Not to Abbreviate 2020

    By now, many people’s New Year’s resolutions have come and gone. But here’s one resolution that’s much easier to keep than getting up at 5:00 am every morning to exercise. You can start this one now, and it might just prevent you from becoming a victim of fraud. It’s simple and takes a second or […]

  • Ransom in the Digital World

    The concept of ransom is as old as crime; ransomware is the extension of ransom to the digital world. The first instance of a ransomware attack is thought to have taken place in 1989. This occurred when Joseph L. Popp, a biologist, sent 20,000 infected floppy disks to the guests at an International AIDS conference. […]

  • Business Email Compromise Scams

    Did you know… In 2016, an Austrian Aerospace firm was defrauded of $42 million dollars. In 2017, Save the Children USA was the victim of a $1 million scam In 2019, a Toyota subsidiary suffered a loss of $37 million What caused these significant losses… it’s the rise of Business Email Compromise scams. What are […]

  • Tax Identity Theft Awareness Week

    January 27, 2020 is a big day. It’s National Chocolate Cake Day, Bubble Wrap Appreciation Day, and the ever popular Tax Identity Theft Awareness Day. The IRS has observed Tax Identity Theft Awareness Day since 2014 in an effort to bring awareness to an ever-increasing problem. So, while you’re celebrating with a slice of cake […]

  • Advanced Inventory Concepts

    A company files a claim contending a warehouse manager stole $450,000.00 in inventory. The manager, a long-time employee, was trusted with keys and alarm codes. He was able to enter the warehouse after hours and remove pallets of product. The company contends the theft occurred over a 12-year period. When confronted with an inventory loss […]

  • Is it Fraud? 4 Reasons for Inventory Loss Claims

    When a business files an inventory loss claim, we often jump to the conclusion fraud is the cause of the loss. But fraud it isn’t always the reason behind the missing items. Several variables make it difficult to measure inventory accurately: complex production processes, varied accounting methods, and the sheer volume of items. As a […]

  • Scratch & Scam: Lottery Losses Article by SDCCPA

    Scratch & Scam: Lottery Losses

    At today’s convenience stores and gas stops, customers can fuel their cars, pick up a quick snack or cup of coffee, and take a chance at winning millions. Convenience stores and gas stops make a steady income from the sale of lottery tickets and online lottery sales. The lottery sales are also a draw to […]