AICPA Economic Crisis and Recovery Center

Recognizing the Red Flags of a Ponzi Scheme

The CPA Journal, June 2009

When Ponzi cases unravel, the remaining solvent party is often the CPA who performed the audit, due diligence of money managers or tax and investment advisory services.  However, by understanding Ponzi schemes and case law on the subject, analyzing and properly responding to liability risks, and watching for signs of fraudulent behavior, CPAs can boost their chances of keeping their firm, clients and reputation out of the headlines and harm’s way.

Read More

Podcast Episode 4 - To Catch a Thief: Focusing on Safeguarding Assets in a Distressed Economy

The "CPA Straight Talk" podcast series continues with another special edition FVS podcast from ABV and CFF credential holder Ron Seigneur of Seigneur Gustafson LLP in Lakewood, Colo. Listen in as Ron presents a recap of the Business Week article "To Catch a Thief - Focusing on Safeguarding Assets," in a Distressed Economy.

Looking for more?
CPAStraightTalk.podomatic.com

Podcast Episode 1 - Fraud Detection & Prevention

Everyone in America is dealing with our nation’s economic downturn. But there are strategies you can take to keep your companies’ financials looking up. The “CPA Straight Talk” podcast series is intended to brief you on key financial and non-financial issues we are facing during this difficult economic time. In this episode, Scott Spiegel, CFO of the American Institute of Certified Public Accountants, leads the discussion on Fraud Detection and Prevention.

Looking for more?
CPAStraightTalk.podomatic.com

Find out more information on the AICPA Forensic and Valuation Services Section

The Forensic and Valuation Services (FVS) Center is designed to provide CPAs a vast array of resources, tools, and information about Forensic and Valuation Services (FVS) in one convenient location.  The FVS Center serves CPAs who hold the ABV and CFF specialty credentials, members of the AICPA FVS Section, AICPA members, and others.

Learn More

Managing the Business Risk of Fraud: A Practical Guide

Need help on preventing fraud in your organization?  This guide makes recommendations to key stakeholders on how to attempt to prevent fraud in an organization by providing guidance from well respected authorities on establishing effective fraud risk management techniques.

Read More (PDF)

Hiring Forensic IT Specialists: Ask the Right Questions

This checklist includes key areas that should be considered when hiring Forensic IT Specialists. As it points out, some of the key factors included in this decision consist of the type of engagement that will be performed, the Specialist's experience, the credentials of the specialist, etc.  Identifying these and other items will aid in making an effective decision in this selection process.

Read More

FVS Special Report - Forensic Procedures and Specialists: Useful Tools and Techniques

This Special Report defines the most widely recognized forensic procedures used by forensic specialists.

Read More