Anthony LaNasa CPA CFE

Posted in: Articles, Business Advisory

Workers’ Comp Fraud is Painful but Preventable

Workers’ compensation fraud costs American employers millions of dollars a year. The most publicized form of the fraud involves bogus claims by workers.  This fraud can be prevented or detected with some awareness and skepticism. Employee-perpetrated scams The vast majority of workers’ compensation claims are valid. However, when claims aren’t valid, it can be a […]

Read the full article

Anthony LaNasa CPA CFE

Posted in: Articles, Business Advisory

Why Employees Steal — And What You Can Do About It

Wouldn’t it be nice if employees prone to fraud had the letter “F” stamped on their forehead? You could monitor them closely and make sure they never had access to the accounting books. But potential thieves are never that obvious. It starts with pressure In many cases, employees who commit fraud are the most likable […]

Read the full article

Anthony LaNasa CPA CFE

Posted in: Articles, Business Advisory

Does your company need employee dishonesty insurance?

Some insurance companies offer employee dishonesty coverage to protect businesses against loss of money and property due to criminal acts by employees. This can be valuable protection. But before you buy a policy, it’s important to understand what you’re getting. What It Does In addition to covering businesses against theft of money, property and securities, […]

Read the full article

Anthony LaNasa CPA CFE

Posted in: Articles, Business Advisory

If you want to help deter fraud within your business…start doing this today

HW&Co. has assembled a downloadable Fraud Prevention Checklist to assist your business in deterring internal fraud. Lack of internal controls is a factor in about 30% of reported fraud cases, according to the 2016 Association of Certified Fraud Examiners Report to the Nations. Here is a scenario that is all too common: Bob, the accounts […]

Read the full article

Joseph Sbrocco CPA CGMA

Posted in: Accounting & Assurance, Articles, Business Advisory, Healthcare, Nonprofit

Revenue Recognition For Health Care Entities

The AICPA Financial Reporting Executive Committee (FinREC) has recently issued another working draft for health care entities relating to accounting issues　regarding the implementation of FASB’s new revenue recognition standard (Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606)). FinREC is requesting feedback on this and the other industry working drafts. The […]

Read the full article