When it comes to the IRS, tax fraud is one of its biggest and most urgent concerns. Launched in 2020, the IRS established the Office of Fraud Enforcement (OFE) is order to focus more strategically on combating tax fraud. Fraud detection has long troubled the IRS, so the OFE serves….
Tag: Forensic Accounting
From financial statement fraud to cybercrimes, and many other types of fraud in between, 2021 and beyond is likely to see a rise in fraud reaching nearly every industry. The pandemic has laid the foundation for fraud to run rampant, creating an environment where fraudulent activity will increase due to….
In a broad sense, a financial crime is defined as any type of crime that results in financial benefit to the criminal(s) involved. Financial crimes are carried out by organizations or individuals who seek economic advancement via illegal tactics. Regulatory bodies throughout the world are constantly developing new strategies to….
While it may seem counterintuitive, small and medium sized businesses are far more exposed to the prospect of fraud than large organizations. Approximately 5 percent of annual revenue is lost to internal fraud each year, according to research from the Association of Certified Fraud Examiners (ACFE). Unfortunately, many businesses focus….
For both public and non-public companies, a business valuation indicates how much that company is worth according to the market, which includes market participants and investors. However, a public company has shares that are traded on the stock exchange and the shares for a private, or non-public company, are not…..
When representing a case, the attorneys have no say who they can use as a witness, as relevant witnesses are ones who were at the scene of the crime or have useful information. However, when consulting an expert witness, attorneys can choose a person with key knowledge that can help….
While every divorce is different and comes with its own challenges, there are often many extra obstacles for couples with a high net worth. On top of an emotionally and financially taxing process, high net worth couples usually have higher stakes involved, with more to gain or lose. With more….
Your divorce if over, the ink is dry on your settlement agreement or final judgement, as the case maybe. Now begins the picking up of the financial pieces. As a family, your financial status was fairly affluent. There was the large marital home, the vacation home, retirement accounts and savings/investment….
In times of crisis and economic downturn, fraud tends to run rampant. Since COVID-19 began, the combination of health and financial threats laid the foundation for opportunistic fraudsters, those people who are looking to take advantage of a vulnerable market and a vulnerable population. From the global economy to individual….
Our team is proud to announce ENSS’s expansion into Central Florida with the opening of our new office in Orlando. The expansion will be led by shareholder and long-time team member Keith E. Gardere, CPA/ABV. Our Orlando office will allow us to better serve our clients in that market and….