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As of the year 2020, approximately 42% of the CPAs in the United States are women. As the profession moves toward a more equal gender distribution, it is important to consider the long history of pioneering women in accounting. In the 1950s, there were approximately 600 female CPAs. Approximately sixty years before that came the...

Recently, with many schools operating remotely, administrators have been bombarded with highly targeted, extremely effective email phishing attacks. Recent attacks have indicated scammers are adapting their methodology to take advantage of vulnerabilities specific to the education sector.

Strained by changing circumstances, schools are especially at risk of falling victim to these sophisticated scams. Despite the...

With the unexpected and unprecedented challenges of 2020, businesses and organizations have had little time to adjust to the changing circumstances. Significant increases in rates of fraud and employee theft have staggered businesses caught in transitional periods. Going into 2021, businesses should have an idea of upcoming risks and how to mitigate them.

Based on...

Profiles of Women in Accounting: Mary Harris Smith

 In 2019, Fiona Wilkinson, the first female president of the Institute of Chartered Accountants in England and Wales (ICAEW), announced she would work to honor the world’s first female chartered accountant. In May 2020, one hundred years after Mary Harris Smith became the first female fellow of...

By Ronald Mund, JD, MBA

Examinations under oath (EUO) and depositions each have a distinct and important role in the claims process. Understanding these proceedings can help individuals and businesses alike navigate the claims process.

Examinations Under Oath

An examination under oath is a proceeding in which an insurance company representative questions a policyholder while...

November 15-21 marks International Fraud Awareness Week 2020. International Fraud Awareness Week has been an annual campaign led by the Association of Certified Fraud Examiners (ACFE) since the first Fraud Week in 2000. While International Fraud Awareness Week is entirely digital this year, the ACFE still provides valuable resources for businesses to identify and prevent...

Social engineering is a form of fraud that relies on exploiting vulnerabilities in human decision-making. Rather than hacking or otherwise directly stealing, scammers who use social engineering manipulate individuals into transferring money or divulging company secrets. Between October 2013 and May 2018, these scams led to a reported 40,000 domestic U.S. victims and a $2.9 billion...

By its basic definition, forensic accounting provides expert financial investigation and perspective. As a discipline, forensic accounting is dedicated to collecting and analyzing financial evidence. Forensic accounting services provide a basis for investigations into insurance claims for employee theft and dishonesty, cyber claims, and business income loss claims. Whether it takes the form of undertaking...

Artificial Intelligence (AI), also known as machine learning, is no longer a far-flung fixture of science fiction. While media often presents AI as an imminent threat poised to take over the world, the reality is that AI has already taken over the business landscape.

In fact, AI is now commonplace in tracking credit scores, detecting...

In the last two months of the year, sales boom and shoppers flood retail spaces. The holiday shopping season is critical for many businesses. With 20% of annual retail sales occurring during the holidays, a number of factors lead to a disproportionate 25-30% of annual loss occurring during the holidays.

Abundant Opportunity

The increased store...