AICPA Provides Tax Reform Principles to White House Panel

Barry Melancon, president and CEO of the American Institute of Certified Public Accountants, testifying before the President’s Economic Recovery Advisory Board at the White House October 16, called for comprehensive tax reform and revisions to the alternative minimum tax and estate and gift tax rules. “The dynamic American economy is rebounding slowly and, we believe, … Continue reading

Occupational Fraud in an Economic Downturn

Fraud on the Rise In early 2009, a Deloitte survey found that two-thirds of 1,280 financial services and technology executives expected to see more instances of accounting fraud.  Fraud tends to increase in an economic downturn because the forces of the economy cause people to react in ways they would have never imagined, observes Gary … Continue reading