How some “reputable” professionals enable illegal opioid distribution
With COVID-19 still raging in much of the country, the opioid crisis may not be the top public health challenge on most Americans’ minds. But according to the American […]
Post Author: Anthony LaNasa CPA CFE
Skimming may sound small, but losses can be significant
Skimming isn’t the biggest fraud threat for most businesses. The theft of cash receipts represents only 11% of asset appropriation schemes, according to the Association of Certified Fraud Examiners’ […]
Accounting Recognition for PPP Loans
The AICPA recently updated a technical accounting guide that provides accounting options to borrowers of the Paycheck Protection Program (PPP) Loan. The guide is in the form of a Technical […]
SBA Updates on PPP Loan Forgiveness
The U.S. Small Business Administration (SBA) released a new Interim Final Rule (IFR) which revises two previously-released IFRs. These IFRs deal with Paycheck Protection Program loan forgiveness and SBA loan […]
Fraud in the family business
Family businesses make up the vast majority of companies in the United States and produce 62% of the country’s gross domestic product, according to the Conway Center for Family Business. […]
New PPP Loan Forgiveness Applications
The U.S. Small Business Administration (SBA) has released a revised Paycheck Protection Program (PPP) loan forgiveness application. In addition, there’s now a new EZ application for forgiveness of PPP loans […]
How smart software can help you find fraud
Machine learning increasingly is being used to discover fraud schemes. With this type of artificial intelligence (AI), the technology learns or improves in accuracy through experience, rather than through additional […]
Is there a fraud perpetrator behind those behavioral issues?
The recently released 2020 Association of Certified Fraud Examiner’s (ACFE’s) occupational fraud study, Report to the Nations, reveals that the most common behavioral red flag exhibited by fraud perpetrators is […]
Main Street Lending Program: What You Need to Know
The Main Street Lending Program (Program) was established by the Federal Reserve to support lending to small and medium-sized businesses impacted by the COVID-19 pandemic. The Program […]
The latest news on nonprofit fraud is here
Every two years, the Association of Certified Fraud Examiners (ACFE) publishes what has become the definitive guide for preventing and detecting workplace fraud. The recently released Report to the Nations: […]
Where’s my package? Foiling parcel delivery thieves
Even before the novel coronavirus (COVID-19) pandemic struck, Americans received a lot of packages. About 18 billion parcels were shipped in the United States in 2018, according to […]
SBA Releases Guidance on Forgiveness of PPP Loans
On Friday, May 22, 2020, the SBA issued a long-overdue interim final rule providing guidance on how forgiveness will work for PPP loans. Below is a summary of how the […]
