The need for diversity and inclusion in accounting has long been recognized and, while the profession has made great strides toward inclusive practices, certain challenges remain. The underrepresentation of Hispanic people in finance is one area with room for improvement. As a longtime advocate of diverse hiring and multilingual offices, SDC CPAs follows the research […]
The theft of materials and equipment from jobsites is a crime on the rise, according to the National Equipment Register (NER). Whether thieves take power tools, heavy machinery, or even building materials, construction sites have become common targets for thieves. The NER estimates as much as $1 billion in equipment is stolen from jobsites annually. […]
Accountants have a set of skills essential to the modern world. The ability to process complex financial matters in terms of both details and large scale solutions enables individuals with a background in accountancy to excel in whatever line of work they choose. As a woman-owned accounting firm, SDC CPAs believes it is important to […]
Economic hardship such as layoffs, market losses, and economic uncertainty often correlate to increased occurrences of employee theft, in turn increasing business for forensic accounting firms. This trend has partially held true for the economic challenges caused by COVID-19. While fraud cases have spiked, a number of obstacles threaten to change the landscape of forensic […]
On March 3, 2021, it was announced Robert Fowler, former Controller of Town and Country Ford in Evansville, Indiana, would be sentenced to 30 months in prison for Money Laundering and Bank Fraud. Using Company Funds for Personal Gain Fowler was an employee of Town and Country Ford for nearly 20 years before he was […]
Many CPAs and accounting firms rely on maintaining strong relationships with their communities to keep a high profile and good reputation. These community connections take time, effort, and commitment to be of mutual benefit to the firm and the community. Accounting firms have opportunities to share not only time and money, but expertise. The following […]
Leadership in accounting firms, executive committees, and accounting organizations has grown increasingly diverse. Particularly, the last decade has seen a number of influential women take on high-profile leadership positions in the field of accounting. These women have used their influence and power to advocate for diversity in the profession and remove barriers to inclusion. Kimberly […]
Diversity issues have been a prominent point of discussion in the field of accountancy in recent years. The conversation has largely centered on how gender and racial diversity can be improved in individual workplaces and in the field as a whole. One aspect of diversity that has received less focus and attention is religious diversity. […]
In the year 2020, approximately 42% of the United States’ CPAs are women and nearly 62% of all accountants and auditors in the United States are women. As the profession moves toward a more equal gender distribution, it is important to celebrate the pioneering women who have made it possible for women to achieve success […]
The pet-friendly office has been a recent HR trend meant to improve morale and decrease stress. According to Accountancy Daily, 23% of accounting firms in the UK allow pets in the office. With some heralding the pet-friendly office as the way of the future, and others expressing concern and disdain, many firms are carefully weighing […]
Approximately 1 in 20 Americans have been affected by identity fraud. According to the Javelin 2020 Identity Fraud Report, approximately 13 million Americans every year face some form of identity fraud, including credit card fraud, account takeovers, and government benefits fraud. While many individuals and organizations have become accustomed to the risk of identity fraud, […]
In April 2018, an employee of the Texas juvenile justice department was sentenced to 50 years in prison for stealing $1.2 million in meat for fajitas over the course of two years. This case is an informative example of inventory theft, particularly for the food service industry. Diverting Inventory Gilbert Escamilla, the Texas man who […]
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