Hot Topics

  • 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 […]

  • SDCCPA Hot Topics

    Put Yourself First

    Running a small business isn’t easy. Small business owners are plagued by concerns: from keeping the business flowing and growing to making customers happy to handling incoming and outgoing expenses to finding, keeping and paying good employees. Many small business owners lie awake at night worrying about how much is in the business bank account. […]

  • SDC CPA Hot Topics

    Strengths and Weaknesses of P-Cards vs. Credit Cards

    P-Cards offer certain conveniences organizations find appealing. However, the ease of use goes hand in hand with the ease of abuse. End-user organizations should weigh the balance of the potential benefits and pitfalls of P-Card use in order to detect, mitigate and prevent their abuse. The Good 1. Cost Savings The traditional procure-to-pay process is costly, often […]

  • SDC CPA Hot Topics

    P-Cards: So Easy to use, So Easy to Abuse

    Many companies consider P-Cards (Purchasing Cards) to be efficient for purchasing goods from vendors. P-Cards, also dubbed Procurement Cards (ProCards), Payment Cards or Purchase Cards, are essentially charge cards, similar to consumer credit cards. With the increased use of P-Cards in the corporate, educational and government sectors, in order to choose the P-Card best for the organization. The Basics […]

  • SDC CPA Hot Topics

    Bridging Cultural Gaps

    As the number of Asian policy holders increases, it is important to understand the cultural differences when handling claims involving Asian policy holders. These differences should be taken into account during conference calls and when conversing by email. Lack of cultural sensitivity can lead to misunderstandings and less efficient business dealings. Tips to Remember English […]