Prevent fraud with the help of your audit committee By: Anthony LaNasa Your board’s audit committee is a first line of defense against fraud. But to be effective, committee members need to do more than simply review financial statements and audit results. […]
Preventing phoenix companies from taking flight with your money By: Anthony LaNasa Bankruptcy (or liquidation) can be a valid business tool when used properly. Unfortunately, it can also enable less-than-honest business owners to profit at the expense of their creditors. Such is […]
How fraud experts help companies head off bad mergers By: Anthony LaNasa Mergers and acquisitions are filled with risks, some of them unavoidable. But buyers can avoid risks associated with cooked books and other forms of deceptive accounting used by a seller […]
Is your nonprofit ready for a raffle? By: Helen Weeber Raffles are popular fundraisers for not-for-profits. But they’re subject to strict tax rules. State laws on nonprofit-sponsored raffles can vary significantly, but nonprofits must comply with federal income tax requirements […]
How experts use tax returns to find hidden assets By: Anthony LaNasa Business owners engaged in fraudulent activities often try to manipulate their companies’ financial statements. Fortunately for fraud experts, business owners’ tax returns aren’t as easy to misrepresent. Here’s how experts […]