AvatarCPA MutualCrime FDIC settles for $2.5M with accountants for Bridgeport bank closed for fraud after CEO’s death suntimes.com - Tim Novak Bansley & Kiener agreed to the payout, which didn’t involve any admission of wrongdoing. Washington Federal Bank for Savings’ failure remains under …
AvatarCPA MutualA great article! Inspection reports may expose audit firms to litigation wibw.com - Sarah Motter
AvatarCPA Mutual What Kinds of Liability Should Accounting Professionals Be Concerned About Right Now? accountingweb.com - Nellie Akalp Practice Excellence5 Problems Areas of Potential Liability
AvatarCPA MutualThis should serve as a great reminder to be very careful with your system security as well as your client's data! FlipboardIcon version of the Flipboard logo Lawsuit Filed Against Accounting Firm in Patient Data Hack bankinfosecurity.com
AvatarCPA Mutual Ernst & Young sued over Wirecard as accounting woes add up accountingtoday.com - Karin Matussek Accounting firm Ernst & Young was sued over its work for Wirecard AG, just two days after Wirecard’s headquarters were raided as part of a market …
AvatarCPA Mutual Accountant accuses Michael Cohen of ‘extortionist cash grab’: Court papers New York Post - By Priscilla DeGregory An accounting firm that Michael Cohen accused of messing up his tax returns has hit back — saying the convicted tax fraudster made an “extortionist …
AvatarCPA MutualIf you are engaged in assisting clients with the PPP program, this is a must read. PPP Payback Deadline May Have Unintended Consequences - The CPA Journal cpajournal.com - Walter Primoff, CPA/PFS, CGMA
AvatarCPA MutualFraud Accountants, Appraisers, Attorneys Sued Over Alleged Tax Credit Fraud Scheme bisnow.com An Atlanta commercial real estate executive invested nearly $150K in land just outside of Savannah in the hopes of netting a tax write-off of more …
AvatarCPA Mutual Rives loses CPA license due to court case verdict the-dispatch.com - Staff Writer, Lexington Dispatch Staff Writer Leon L. Rives II of Rives and Associates in Lexington, had his certified accounting license revoked by the North Carolina Board of …
AvatarCPA Mutual Fiduciary Duty, Due Care, and the Public Interest - The CPA Journal cpajournal.com - Vincent J. Love, CPA/CFF, CFE Due professional care. “Due care,” as it is included in legal literature, is generally defined as follows: Due care refers to the effort made by an …
AvatarCPA Mutual Fraudulent Accountant Sentenced for $27 Million Ponzi Scheme lawfuel.com - LawFuel Editors Accountant Who Cheated Her Friends and Clients via a $27.5 Million Ponzi Scheme Sentenced to More than 8 Years in Federal Prison Powered by LawFuel – …
AvatarCPA MutualKPMG Ex-KPMG Partner Gets a Year and a Day in Prison Over Fraud Scheme verified_publisherBloomberg - Chris Dolmetsch, Amanda Iacone A former KPMG LLP partner was sentenced to a year and a day in federal prison for his role in eliciting confidential information from the U.S. audit …
AvatarCPA Mutual WeWork's Adam Neumann Doesn't Have An Employment Agreement -- Does Your CEO Need One? Forbes - Alonzo MartinezWeWork’s recent IPO prospectus included more than a few startling details, but here’s just one of them: CEO Adam Neumann, the company’s founder and majority shareholder who controls the entire direction...
AvatarCPA Mutual 3 Tips For Finding More Employees (But Not More Risk) In A Talent Shortage Forbes - Alonzo MartinezThis is the first of a two-part series addressing talent acquisition strategies in a time of record-low unemployment. Earlier this month, the July jobs report confirmed what human resources departments...
AvatarCPA Mutual Artificial Intelligence in the Employment Relationship: Friend or Foe? natlawreview.com Artificial Intelligence (“AI”) is no longer the stuff of sci-fi movies or alien invasions. The technology has permeated everyday life from Siri and …
AvatarCPA Mutual How to Manage Risks and Maximize Rewards of Co-Employment business.com - Tania Fiero • Hiring shared employees can provide much-needed flexibility for small businesses. • Talk to staffing agencies to make sure you can trust them before …
AvatarCPA Mutual Leader of new NSA Cybersecurity Directorate outlines threats, objectives csoonline.com - By Cynthia Brumfield CSO | Ransomware, Russia, China, Iran and North Korea are the top cybersecurity threats that will be the focus of a new division within the National …
AvatarCPA MutualUber Uber Paid Hackers to Delete Stolen Data on 57 Million People verified_publisherBloomberg - Eric Newcomer Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more …
AvatarCPA Mutual 5 Risky Places to Swipe Your Debit Card verified_publisherThe Balance - LaToya Irby Your debit card is connected to your checking account, which holds the money you use for everyday spending. That means you have to be even more …
AvatarCPA Mutual Secret Chinese Hacking Group Set Traps To Steal NSA Cyberattack Tools: New Report Forbes - Zak DoffmanWhen it was alleged earlier this year that secretive Chinese hacking group APT3 had used vicious NSA cyber weapons to attack U.S. allies in 2016 and 2017, there was embarrassment, surprise and consternation...
AvatarCPA Mutual GE whistleblower report shines light on insurance liability complianceweek.com - By Tammy Whitehouse The Financial Accounting Standards Board issued Accounting Standards Update No. 2018-12 two years ago to require companies to make some improvements …
AvatarCPA MutualFlipboardIcon version of the Flipboard logo New risks emerge for accountants accountingtoday.com - Roger Russell Being on the defensive in a professional liability lawsuit can have devastating effects on an individual CPA or a firm. Not only does it open them up …
AvatarCPA Mutual Massive Ransomware Attack in Texas Hits 22 Cities and Towns, Hackers Demand Millions in Payment - CPO Magazine cpomagazine.com - Scott Ikeda An individual threat actor is believed to be behind a recent attack that has locked up the agencies of nearly two dozen small cities and towns in …
AvatarCPA Mutual Cyber-security experts warning against borrowing charging cables valleynewslive.com - Melanie Palmer A warning this evening around a new way for hackers to get your personal information. It involves the cables or cords you rely on to keep your phone …
AvatarCPA Mutual GE falls the most in 11 years after Madoff whistleblower calls it a 'bigger fraud than Enron' verified_publisherCNBC - John Melloy and Kate Rooney A year after the Enron scandal broke, long-distance phone company WorldCom, filed for bankruptcy after revelations of an accounting fraud. It had …
AvatarCPA Mutual General Electric rebuts allegations of accounting fraud verified_publisherFOX Business - Blair ShiffGeneral Electric on Monday extended its counterattack against last week's serious allegations that it committed accounting fraud on multiple levels. GE's head of investor relations emailed a multi-page...
AvatarCPA Mutual Accounting Fraud Watch: Disney's Magic (Accounting) Kingdom and Ex-SEC Chief 'Suspicious' of GE Report - Going Concern goingconcern.com Our pal Francine McKenna at MarketWatch broke a pretty big news story today regarding an accountant who blew the whistle on Walt Disney Co. Disney …
AvatarCPA Mutual Glenwood schools recover from cyber-attack for new school year wowt.com - 6 News The school year for the Glenwood District is off to a challenging start as schools recover from a cyber-attack back in July. The district’s …
AvatarCPA Mutual Texas Cyber Attack Has Taken 23 Government Agencies Offline Forbes - Davey WinderThe Texas Department of Information Resources (DIR) has confirmed that the State of Texas has been responding to a cyber-attack that started on the morning of August 16. At this point, it is known that...
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