Insights Hub
Whats new in forensic accounting
From identifying and assessing the risk of material misstatement due to fraud to designing and performing audit procedures responsive to those risks, addressing the risk of fraud is challenging. Recent outreach by the AICPA Auditing Standards Board (ASB) aims to help auditors enhance their approach to addressing fraud risks. The...
How auditors can apply a forensic-like approach to fraud
From identifying and assessing the risk of material misstatement due to fraud to designing and performing audit procedures responsive to those risks, addressing the risk of fraud is challenging. Recent outreach by the AICPA Auditing Standards Board (ASB) aims to help auditors enhance their approach to addressing fraud risks. The...
Fraudsters get $47 million from practitioner priority service line scheme
The IRS was ineffective in its efforts to stop a scheme involving fraudsters calling the practitioner priority service telephone line, resulting in estimated losses of over $47 million, the Treasury Inspector General for Tax Administration (TIGTA) said in a report dated Oct. 22 (TIGTA Rep’t No. 2025-IE-R001). The fraud occurred from Aug....
Financial tracing: Show me the money
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