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Join our team of experts as they walk you through the key features of the new FASB Lease Standard (Topic 842), what this ASU will mean for your business or nonprofit financial reporting, and how to ensure a smooth transition to this new compliance standard.
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Any change can leave your business more vulnerable to fraud. So, how do you prevent fraud from taking hold during times of disruption? Here are a few things to consider.
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Your key managers are the people who keep your business afloat. They may also be the people to whom you plan to transition your business. If this is true for you, now could be an ideal time to act. Here are a few things to consider if you plan to explore this opportunity.
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The mention of “corporate fraud” often conjures up images of money—money-laundering schemes, embezzled checks, and fraudulent charges on a company account. But workplace fraud can and often does involve noncash assets.
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For business owners, the economic downturn caused by COVID-19 could present valuable opportunities for business succession, particularly for family businesses. If you’re a family business owner who intends to gift shares of your business to the next generation as part of your estate plan, now may be the time to act.
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Business owners who fall victim to fraud often ask themselves “how could we have not known about this?” In many cases, the answer is simple: No one reported it. Here’s how you can prevent this from happening within your organization.
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Data monitoring is widely regarded as an effective tool for identifying trends and areas of improvement within a business. It also happens to be invaluable when it comes to detecting and preventing fraud.
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As uncomfortable as it is to assume the worst, it’s something today’s business owners must do. Occupational fraud can occur within any business, regardless of its size or industry. Here are a few tips for how to spot fraud within your business and what to do if you suspect it.
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Over the years, I’ve heard countless stories about organizations being devastated because of an employee’s fraudulent actions. The common thread between many of these tales is the pure shock expressed by the organization’s leaders in the aftermath. In nearly every case, the person who committed the fraud had held a position of trust.
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A recent change in tax rates may cause S corporations to think twice about their entity structure.
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