How Accountants Can Get Ahead in the Automation Age
ccountants, it’s time to keep up or fall way behind. Better yet, learn how to get and stay ahead. Because, while change has been a constant for decades – thank you, Bob Dylan – it’s reaching warp speed. That’s the overarching message of a new...
IRS Message to the Tax Professional Community
The IRS continues to review its procedures to better protect sensitive taxpayer data. As part of this effort, the IRS will request additional information from tax professionals who contact us through the Practitioner Priority Service or any...
Connecticut Works To Fend Off Cybersecurity Attacks On Election
Two days after President Donald Trump eliminated the position of cybersecurity coordinator on the National Security Council, Secretary of the State Denise Merrill convened the second meeting of the Elections Cybersecurity Task Force....
Tech, people skills are key as accountants face changing demands
Accounting and finance professionals are finding that they must continually learn, unlearn, and relearn to maintain their highly trusted position in a rapidly changing business environment. Accountants need to understand emerging technologies...
Small businesses should guard against tax-return identity theft
The IRS on Thursday issued a warning to employers and small businesses to beware of growing attempts by cybercriminals to target businesses to obtain the business’s and employees’ information. These criminals then use the stolen...
IRS, Security Summit Partners warn of new twist on phone scam; crooks direct taxpayers to IRS.gov to “verify” calls
The Internal Revenue Service today warned of a new twist on an old phone scam as criminals use telephone numbers that mimic IRS Taxpayer Assistance Centers (TACs) to trick taxpayers into paying non-existent tax bills. The IRS and its Security...
Omnibus spending bill has millions to strengthen CT voting system against cyber attacks
The massive omnibus spending bill President Donald Trump signed into law Friday contains $380 million — including up to $5 million for Connecticut – to protect digital voting systems from cyberattacks.
CTCPA Fighting to Preserve CPAs’ Expert Testimony and Valuation Services in Property Tax Issues
The CTCPA is fighting diligently to preserve the ability of CPAs – in municipal property tax appeals – to perform valuation services, serve as expert witnesses before the court, and, in general, represent their clients in related...
DRS Warning: CT Taxpayers sent phony tax email bills for Amazon, NewEgg purchases
Connecticut taxpayers are warned by the Department of Revenue Services (DRS) not to open, make a payment or reply to email or any other communication claiming to be a tax bill for Amazon and/or NewEgg purchases. The email directs the tax payment...
Connecticut CPA Magazine Feature: Gone Phishing - With Tax Season Approaching, Hackers Are Getting Ready to Cast Wide Nets
By Ken Goldstein, Visiting Instructor of Business Law and Insurance, Barney School of Business, University of Hartford It’s tax season, the busiest time of the year. You’ve been diligently focused on servicing clients, giving sage...
    Connecticut CPA magazine feature
Recovering Losses From Employee Theft and Embezzlement


By Stephen A. Pedneault, CPA/CFF, CFE, Forensic Accounting Services, LLC

Individuals are stealing at an alarming rate, and the subsequent losses range from hundreds of thousands to millions of dollars. Over the past 10 years, the frequency of employee fraud has reached epidemic levels, yet only a fraction of these cases ever become public. Most are quietly resolved – for many reasons, but primarily to avoid negative publicity.

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  Risk Alert – Social Engineering for CPAs

As with many fraud schemes perpetrated against accounting professionals, social engineering has obtained a greater level of sophistication. This development has arisen in response to increased awareness and vigilance of such schemes. Recent variations of the schemes have emerged to create a stronger appearance of legitimacy.

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