College and university students should be on alert for an IRS-impersonation scam targeting educational institutions, including anyone with a .edu email address.

The phishing scam sends the recipient an email that looks like it comes from the IRS and has a subject line like “Tax Refund Payment” or “recalculation of your tax refund payment”. There is a link in the email for the recipient to click and submit a form, supposedly for their refund.

The link, however, does not go to t Read More >>

The U.S. Small Business Administration (SBA) has seen an influx of fraud surrounding applications for federal aid. The most common fraud occurring is email phishing where a scammer impersonates the SBA via email with the goal of collecting personally identifiable information (PII).

Those who have applied for the SBA’s Economic Injury Disaster Loan Program seem to be at high risk for receiving phishing emails asking them to “verify their accounts”, but really, the scamm Read More >>

There has been a marked increase of fraud cases surrounding unemployment benefits, particularly in the state of Ohio. This amounted to at least $330 million in fraudulent pandemic unemployment benefits distributed between April and December 2020.

To combat this very serious issue, the state of Ohio launched a new resource portal (https://unemploymenthelp.ohio.gov/) for employers to alert the state if they suspect their employees’ or their own information has been c Read More >>

Elizabeth Friswold, CPA, CFE is a manager at Corrigan Krause.

What is Accounting Fraud and What are the Different Types?

Many individuals want to know, what exactly is accounting fraud?  There are three different types of common accounting fraud:

  1. Misappropriation of Assets: For example, stealing inventory or cash. This is the most common type of accounting fraud.
  2. Bribery and Corruption: This means giving or receiving an unearned reward to influence someone’s be
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James Kilgore, CPA gives a summary of this year’s identity protection hot-button items:

 

 

It is the unfortunate truth that fraud is ever-present in this day and age. Last year, Ohio combatted a record number of fraudulent tax returns, and our clients deal with telephone and email scams all of the time. This year, there have been a few developments in identity protection- read on to see what’s on the horizon as we ramp up for Tax Season 2016.

The IRS protects ag Read More >>

Brian Weisbarth, CPA, CFE explains the easy ways your company can prevent employee fraud:

 

 

We had an interesting conversation at our recent Business Development Meeting. Shannon Cain and Cynthia Allen of Cain & Associates presented to us on trends in the forensic accounting industry. They asked how many of us had worked with clients who experienced fraud in their small businesses.

In a room of 25 people, about 80% of us raised our hands.

Fraud can be common, Read More >>