Forensic Accounting Services, LLC
Piecing Together Financial Puzzles®
The start of a new year makes the perfect opportunity to review internal controls within your and your clients’ companies. Here is a checklist of simple controls to get you started. Implement a strict hiring policy Past employment verification – no exceptions, call them! Full national criminal background checks. Perform credit checks if applicable. Education verification and reference checks, call …
These three criminal identity theft schemes reflect today’s ever-changing technological environment, and criminals’ ability to target all demographics. What’s the difference between the scams? All three categories are generally defined as “criminal activity that attempts to fraudulently obtain sensitive information.” The difference is in the methodology. Phishing – generally emails, either a series or just one, imitating your bank, credit …
While the U.S. continues to have one credit card data breach after another, Europe has already embraced and implemented a safer technology! Antiquated technology puts your identity in jeopardy Your current credit and debit cards likely utilize magstripe technology – a soon-to-be obsolete system that stores your personal account number, expiration date, and CVV code, everything needed to create a …
Tax refund fraud has increased over 500% from 2011 to 2013 How does it happen? Criminals across the country are electronically filing millions of fraudulent tax returns using stolen identities and EFINs (Electronic Filing Identification Number) to the tune of billions of dollars in fraudulent refunds paid by the IRS. Fraudsters use fictional data, including W-2 wages, to produce refunds …
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