Hot Topics

  • Detecting and Preventing Payroll Fraud

    Payroll fraud, or schemes in which employees use means to deceive employers into issuing undue payments, represents one of the most common forms of employee theft. Payroll fraud is always a possibility for any business that issues paychecks to its employees. Because of the many methods of perpetrating payroll fraud, a well-educated business is a […]

  • Busting Ghost Employee Schemes

    One of the first major cases of employee fraud to break in 2021 was a “ghost employee” scheme in which a computer technician working for Chicago Public Schools stole approximately $122,000.00 during a two-year period. This case, as reported by the Chicago Sun-Times on January 6, saw the unnamed computer technician living in California and […]

  • Lessons From the Largest Municipal Fraud in American History

    In 2012, the small town of Dixon, Illinois found its claim to fame; it was the site and victim of a $53 million embezzlement scheme perpetrated by a former town official. The official, Rita Crundwell, had led an exorbitant lifestyle and created a horse-breeding empire at the expense of her struggling town. The story of […]

  • Preparing for the Threat of Deep Fakes

    In 2018, hobbyists experimenting with machine learning and artificial intelligence reached a remarkable technological achievement with deeply problematic ramifications: the first widely circulated deep fakes. In a short amount of time, deep fakes have become a matter of public knowledge. They have generated widespread fear for their breach of personal privacy and potential for disinformation. […]

  • Trailblazers in Accounting: Kimberly Ellison-Taylor

    In 2016, the American Institute of CPAs (AICPA) chose its first African-American Chairman of the Board of Directors, Kimberly Ellison-Taylor, CPA, CGMA. With her leadership experience at NASA, Motorola, and Oracle – as well as her active involvement in the AICPA – Ellison-Taylor was a natural choice for the position. During her term as Chairman […]

  • Making Connections to Encourage Accounting Students

    Universities, advocacy organizations, and accounting professionals are currently faced with an important question: what will it take to ensure a healthy, sustainable number of students majoring in accounting—especially among African American students? Data from AICPA “Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits Report” indicates the percentage of African […]

  • Trailblazers in Accounting: John Cromwell Jr.

    With more than 5,000 African American CPAs in the United States today, the profession has made remarkable progress in the last 50 years, especially compared to the early years of the CPA designation. This progress was made possible by the dedication and tenacity of many pioneers in the field of accounting—one of the earliest of […]

  • The Fiery History of Business Income Loss Protection

    As businesses struggle with the difficulties of an isolated workforce and changing consumer needs during the COVID-19 pandemic, income loss has threatened to make business closures and cutbacks permanent. Across the insurance industry, loss of business income claims have surged and forensic accounting firms, such as SDC CPAs, are tasked with investigating and verifying these […]

  • Identifying and Understanding Kickback Schemes

    In September of 2020, a high ranking official of the Houston Independent School District was accused of participating in a cash kickback scheme. Allegedly, the official worked with a landscaping contractor to approve and pay for phony proposals from the contractor. The jobs for which the contractor was paid were done, at times, by school […]

  • Recognizing Diversity and Inclusion in the Fidelity Bond Industry

    The Fidelity Law Association (FLA) has long provided members of the fidelity bond industry with education and resources for pursuing fair claim handling. Through their annual journal and conference, the FLA can reach a wide range of professionals and set industry trends. Efforts to advance equality and fairness make influential organizations’ commitment to diversity and […]

  • Tips for Eliminating Bias in the Workplace

    Bias in the workplace can be deeply harmful for any organization. Between turning away talented employees, hurting diversity, and lowering morale, bias can prevent organizations from achieving their goals and reaching their full potential. Unconscious bias is one of the most damaging forms of bias, yet can be the hardest to address. Based on diversity […]

  • Diversity is the Future of Accounting

    Over time, the profession of accounting has made strides toward inclusive practices and the provision of equality. While those improvements have been admirable and important – considering the distinct lack of diversity in the early days of the profession – there is still room for improvement. Diversity, especially in leadership, remains a key issue for […]