Fraud Archives - Page 5 of 21 - HW&Co. CPAs and Advisors

How Secure Is Your Accounts Receivables Department?

By: Tony LaNasa

Asset misappropriation schemes make up more than half of all occupational fraud schemes, according to the Association of Certified Fraud Examiners. It’s a broad category that includes everything from skimming […]

How “Phoenix” Companies Abuse Bankruptcy Protection and Defraud Creditors

By: Tony LaNasa

According to S&P Global, there have been at least 230 corporate bankruptcy filings thus far in 2023 (through early June). That’s more than twice the number of filings over the […]

IRS, Security Summit Alert Taxpayers to New Scam Involving Personal Photographs and Bank Information

The Internal Revenue Service and the Security Summit (a coalition between the IRS, state tax administrators, and the tax industry) issued a warning to taxpayers about a new mail scam […]

Minimize Fraud Risks When Operating Abroad

By: Tony LaNasa

Expanding operations into foreign countries can help U.S. businesses reduce labor and operating costs. It can also provide them with access to new markets and potentially higher profits. You may […]

Good Acquisition? Not If Your Seller’s Hiding Something

By: Tony LaNasa

If you’re considering buying a company, fraud may be the last thing on your mind. Unfortunately, you can’t afford to ignore the possibility that your acquisition target is hiding something […]

Financial Statement Fraud: Don’t Believe Everything You Read

By: Tony LaNasa

Financial statements are central to understanding any business. A public company’s balance sheet, income statement and cash flow statement enable investors, lenders, the media and other stakeholders to value the […]

Before You Scan a QR Code, Make Sure It’s Legitimate

By: Michael Shoffner

Technology has made seemingly everything fast, convenient and easily accessible. This is certainly true of quick response (QR) codes, those ubiquitous symbols you can find on everything from restaurant menus […]

Got Fraud? Call a Forensic Accountant

By: Tony LaNasa

Fraud perpetrated by employees, management, vendors or customers can happen to any business. And if it does, it can take years to recover from the financial losses and reputational damage. […]

How Safe Are Your Business’s Paper Checks?

By: Tony LaNasa

Recently, the Financial Crimes Enforcement Network (FinCEN) told U.S. financial institutions to exercise caution when processing paper checks because they might be fake. Paper checks? Didn’t those go the way […]

How to Outsmart Social Media Scammers

By: Tony LaNasa

With billions of users worldwide, social media platforms can be a breeding ground for illicit activity — from simple identity theft to sophisticated and wide-ranging fraud schemes. Here’s an overview […]

That Investment Opportunity Could Be a Pyramid Scheme

By: Tony LaNasa

The “investment opportunity” someone just pitched could be a legitimate way to get in on the ground floor of a soon-to-be profitable business. However, it could also be a pyramid, […]

Turn that Fraud Dispute Into a Loyalty-Building Opportunity

By: Tony LaNasa

If customers report fraud or suspicious charges on their accounts, what might seem like a challenge can actually be an opportunity for your business. Handle these disputes efficiently and you […]

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