Authored by a team of professional accountants, marketers, and business advisors from Kostin, Ruffkess & Company, LLC, the Business Accounting Insider blog provides invaluable commentary on a variety of complex commercial cases and regulations. Any lawyer knows that building a case often takes resources from a number of different sources, each with their own expertise. The authors of the blog come from a variety of different professions, and each gives their view on a number of topics, including financial fraud, tax breaks, management strategies, and accounting regulations.
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Just reviewing my notes from ADNET Technologies' WorkSmart Technology Summit. Michelle Syc, our own Ethical Hacker, delivered a presentation raising the eyebrows of even the most sophisticated IT professionals. She reported that since January 1, 2011, there have been more that...
This is a must-read post for non-profit leaders and those who provide professional services to the non-profit industry. Published by the Harvard Business Review and Written by Francis Pandolfi, former CEO of Times Mirror Magazines and COO of the US Forest Service. Not only will clarity...
I’m sure I’m not the only one who was surprised by the late season run by the men’s basketball team at the University of Connecticut. Eleven tournament wins in 28 days with all of them occurring against very good opponents in a “win or go home” setting. After...
Hired by the plaintiff's attorneys, I recently offered expert testimony where the defendant was unjustly enriched from a product line they acquired through corporate espionage. My team and I worked closely with the lawyers, painstakingly calculated damages with reasonable certainty and...
I recently attended a terrific program titled "Five New Conversations on Change" presented by the Connecticut Business & Industry Association. One of my many takeaways from the event were the four questions we should ask ourselves periodically with respect...
Based upon the results of the fourth quarter 2010 Quarterly Corporate Fraud Index, reported incidents of fraud are on the rise. The report is a comprehensive examination of reported fraud incidents from 12 million employees worldwide. The report indicates that the statistical...
What organization wouldn’t want to surround itself with more positive and productive employees? The real question is: is it willing to do what it takes to help its people feel that way? As with most organizations, your business is likely to require some form of regular employee review of its...
IRS Commissioner Douglas H. Shulman announced on February 8, 2011 that the Internal Revenue Service has begun a second offshore voluntary compliance initiative ("OVCI"). This program is similar to the 2009 program whereby the IRS is offering taxpayers the opportunity to fully disclose all...
Wire-transfer fraud presents a risk to an organization’s most liquid asset---cash. Like check fraud, the most effective way to prevent wire-transfer fraud is with proper internal controls. Some of the key controls that all businesses should have in place are: Written wire transfer...
Too often, professional service firms just can’t help submitting a proposal in response to an RFP. They behave in much the same way as an addict behaves when given access to his or her chosen vice. On go the blinders. Reality is replaced by emotion. Resources are...