Forensic and Fraud

Any employee can commit payroll fraud. An employee could submit false hours, claiming they worked overtime when they didn’t. On the extreme end, someone in your payroll department could create a ghost employee (an employee that does not actually exist) keeping those false wages for themselves. Below we discuss four actual cases of payroll schemes that…

Fraud can be uncovered in many different ways: a tip, management review, internal or external audit, document examination, account reconciliation, or even by accident. In 53 percent of cases, however, someone at the company has noticed something amiss and alerted the company. That means there were clues along the way. It’s easy to miss these…

The latest financial scam involves fraudulent Form 1099-G, which government agencies use to report unemployment compensation. The IRS issued the following notice: “The IRS is urging taxpayers who receive Forms 1099-G for unemployment benefits they did not actually get because of identity theft to contact their appropriate state agency for a corrected form.” States issue Forms 1099-G…

Tax-related identity theft occurs when someone uses your stolen Social Security number to file a tax return claiming a fraudulent refund. Often, the first indication that you have been a victim of identity theft is when e-file of your form 1040 is rejected by the IRS because a return has already been filed under your…

During periods of economic stress, both civil and criminal incidents of fraud tend to rise as businesses face increased financial pressures. The current climate is posing exceptional challenges resulting from COVID-19. Attorneys are more likely than ever to turn to the services of a CPA for support with settlement negotiations and trial testimony in fraud…

Organization leaders don’t want to think about fraud and risk assessment, but it’s definitely something that they can’t avoid it. Fraud has long disrupted the idea of business as usual. While most employees don’t commit fraudulent acts, companies must implement monitoring and control systems to minimize the risk of fraud. Just like the 1992 version, the…