By Nick Sabbatini, CPA, Audit Manager
Please be aware of potential fraud schemes related to economic stimulus programs offered by the U.S. Small Business Administration (SBA): https://www.sba.gov/document/report–sba-programs-scams-fraud-alerts
Links in emails and texts. Those few words, in the context of fraud, likely lead you to think of a range of potential threats to your business. If you’ve addressed the risk appropriately, you’ve trained your employees that such communications may even appear to come from management, others within your organization, or from known vendors and customers. However, these types of attacks are likely to increase in times of crisis, when curiosity, empathy, philanthropy, and fear push people to seek new information, help others in need, and find ways to protect themselves. (more…)
By Nick Sabbatini, CPA, Audit Manager
By now, we are all aware of the Coronavirus pandemic and the impact it is having on our lives, including the impact on businesses and the overall economy. Companies are working remotely, where possible. Disruptions to vendor and customer bases, market value declines and day-to-day changes in the global economy are also creating broad impacts to companies’ operations.
At this point, the general impacts on operations for most companies are known through media coverage and changes in our daily lives, but most of us may not be fully aware of the impact on financial reporting. We have summarized a few financial statement considerations: (more…)
By Nick Sabbatini, Audit Senior
In previous posts, Technology and Connectivity: You Are at Risk and Technology and Connectivity: The Most Likely Way That You Are at Risk of Being Breached by a Cyber-attack, it was suggested that everyone is at risk of experiencing a data breach and human error was the weak point leading to a majority of breaches. This third and final installation helps provide some general advice on mitigating the risk of potential data breach.
By Nick Sabbatini, Audit Senior
In a previous post, Technology and Connectivity: You Are at Risk, it was noted that the technologically connected world we live in puts us at risk of being a victim of a data breach. This post explores the topic further, assessing the most likely way that a breach might occur.
By Nick Sabbatini, Audit Senior
It’s a fact of life. People love being connected. If you haven’t noticed the throngs of people staring, tapping, and swiping their mobile devices in public places, chances are you’ve been too intent on the electric glow of your own personal device to notice. And, really, with the entire internet at our fingertips and a never ending line of apps offering tailored entertainment, personal management, and connectivity to our business lives, few people these days are immune to the benefits of technological advances and connectivity. This is true for business entities, as well.
