Accounts Receivable Fraud: Lapping Up Profits
The sale has been made, the customer has paid, yet the company receives no revenue. How can this happen? How Fraud is Often Reported Most fraud cases are uncovered by a tip or complaint from an employee or other source, according to a 2014 study done by the Association of Cert.....
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Frank Biron Speaks at PERAC's Annual Emerging Issues Forum
Frank R. Biron, CPA a Managing Shareholder at Melanson Heath was a guest speaker at the September 18, 2014 Annual Emerging Issues Forum of the Public Employees Retirement Administration Commission (PERAC).  Frank's session was shared with Linda Bournival, an actuary from KMS Actuaries. Their pre.....
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NH issues TIR explaining new BET credit carry forward rules
On September 8, New Hampshire DRA issued TIR 2014-005 clarifying certain changes related to the carry over period of any unused Business Enterprise Tax ("BET") credits. Under the New Hampshire business tax provisions, BET paid by an enterprise is allowed as a credit against any Business Profits Tax .....
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Eight Ways to Prevent Expense Account Fraud
Your employees may be cheating your company by turning in bogus expense reports. While each of these transactions may be small, they can add up to a bundle. Not only does expense account abuse erode profits, it creates an environment in which employees think they can get away with stealing -- and pe.....
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Risk Assessment – What Can Go Wrong?
Merriam-Webster defines risk as “the possibility that something bad or unpleasant (such as injury or loss) will happen”, whereas risk assessment is defined as “a systematic process of evaluating the potential risks that may be involved in a projected activity or undertaking.” External ver.....
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