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 […]
Black Friday and Cyber Monday sales have been increasing every year—to the point that these deals run for almost a full week online. In 2019, during the holiday shopping frenzy, online shoppers spent more than $16 billion. The consistent growth of these sales, coupled with the increase in online shopping due to quarantine, points […]
Businesses, governments, and individuals are forever attempting to stay one step ahead of web savvy hackers. Being aware of the most harmful computer viruses can help business owners and home users to potentially minimize risk and shore up their internet defenses. These new viruses represent some of the latest threats in the cyber world. The […]
The third week of October 2020 has been declared National Businesswomen’s Week. More than half of all accountants and auditors in the United States are women. To listen, to hear, and to celebrate the voices of these women is timely. It’s important to recognize their strides in their field and to identify implicit and explicit […]
By Ben Sapet Risk management operates on the principle that 10% of employees will always steal, another 10% will never steal, and the rest will steal under the right circumstances. Unfortunately for many companies, the Covid-19 pandemic has created the circumstances to push that hesitant 80% of employees to commit employee theft. Putting on […]
By Ben Sapet In the early months of the Covid-19 pandemic, an estimated 62% of workers in the U.S. worked remotely as employers tried to reduce the spread of the virus. In what has been called “the world’s largest work-from-home experiment,” employers must make difficult decisions about providing office equipment to their remote workers. […]
By Staff writer In the summertime, ice cream sales heat up. July is National Ice Cream Month after all (thanks to a Presidential Proclamation by President Ronald Reagan in 1984). August has plenty of ice cream themed days to celebrate also, including Ice Cream Sandwich Day, Frozen Custard Day, Ice Cream Pie Day, and Banana […]
By now the COVID-19 pandemic has impacted most people’s lives significantly. And it’s bringing about more changes than just kids staying home from school and people working remotely. As the coronavirus spreads, so do the concerns of individuals and business owners. Companies are seeing business slowdowns, incurring revenue losses, experiencing disruptions in the supply chain, […]
Due to the ongoing coronavirus pandemic disrupting the world, many people are dispersing to their homes to work and study. They’re taking their laptops and company data with them. Tech companies and IT staff members are swamped with requests to help employees set up the technology for their remote offices. “People who have never […]
“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 […]
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