Top 8 Most Expensive Divorces in History

most expensive divorces

Marriages do not always work out. And when a marriage takes place in the public eye, the ensuing divorce often becomes a spectacle. The public is fascinated by massive divorce settlements of well-known and powerful people. Rumors, cheating, criminal activity, plastic surgery, and money… the most historically lucrative divorce settlements involve all of the above.…

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Forensic Accounting v. Tax Accounting

Forensic Accounting v. Tax Accounting

In general, accounting is a system of recording and summarizing the financial transactions of business entities. As the “language of business,” accounting quantifies a business or organization’s economic activities and shares the information with stakeholders. There are many fields which fall under the umbrella term of accounting, including tax accounting, financial accounting, forensic accounting, management…

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What is Forensic Accounting?

forensic accounting

Forensic accounting is an industry understood by few, but with the massive increase in fraud (and divorces) over the last two decades, forensic accountants have gotten busier and busier. The internet has given scammers the tools to commit fraud at a much more rapid rate. Plus, the pandemic has produced even more divorces than in…

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How Accounting Technology is Shaping the Audit

audits and technology

The adoption of technology into accounting has had an interesting journey. While some were hesitant at first, it is clear that data analytics and sophisticated technology is imperative for firms and practitioners throughout the country. The reality is the digital tools have transformed the approach to accounting, making firms more efficient, accurate, and compliant. The…

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The OFE’s Role in Combating Tax Fraud


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 to “promote compliance by strengthening…

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Corporate Fraud Spike is Inevitable

corporate fraud

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 a number of major factors:…

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Most Common Types of Financial Crimes in the U.S.

financial crimes

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 fight financial crimes, but the…

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Fraud Prevention Strategies for Your Business

fraud prevention

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 their fraud prevention efforts on…

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Business Valuations for Public vs Non-Public Companies

Teamwork process, Business team colleague presenting and showing graph on tablet and clipboard at workplace in office. brainstorming, discussing, meeting

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. This is a crucial differentiation…

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Why Are Expert Witnesses Important?

expert witness

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 them in a case. An…

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