An AICPA framework enables CPAs with cybersecurity expertise to perform new services for clients. By Russ Banham As trusted business advisers, CPAs find ways to help their clients achieve their business objectives. Now, under the AICPA’s recently issued cybersecurity reporting framework, CPAs have an opportunity to expand the services they offer to help clients manage… Read More Cybersecurity: A new engagement opportunity
By David Malamed Technology is a two-edged sword when it comes to benefits fraud: it makes it easier to defraud the system, but it also helps to detect fraud. In February, the Toronto Transit Commission (TTC) said it had dismissed 73 employees in connection with a multimillion-dollar benefits fraud scheme. The announcement was made about… Read More Friends with benefits
By Peter Carter Is an all-cash deal really a deal? At first blush it’s a bargain, but when things go wrong and you don’t have proof of payment, that’s no deal. I like motorcycles. My wife, Helena, always enjoyed riding on the back of my bikes. So a few years ago, on one of our… Read More Receipt, please.
Why is the UK seeking to move in the opposite direction? And more importantly, to what end?
By David Malamed The transition from the boardroom to the prison block has become common enough that it has spawned a new business: prison consulting. In late June, Superiour Court Justice Pierre Labrie sentenced 65-year-old Ronald Weinberg, cofounder of the children’s animation company Cinar, to nine years in prison for defrauding shareholders. Two of his… Read More How to behave behind bars
By Alan S. Abel, CPA/CFF, and Ian A. MacKay, CPA, CGMA The vigilance of CPAs plays an important part in an international effort to deter financial crime. Earlier this year, reports on the voluminous document leak known as the Panama Papers provided a jarring reminder of the massive global problem that money laundering poses in… Read More Money laundering: Combating a global threat