The political turmoil of the U.S. may be inspiring some wealthy clients to move abroad. Logistics aside, what should be their tax questions? One important thing that expats need to note is that, even if they do leave the U.S., that doesn’t mean their IRS tax reporting requirements are […] Click here to view full […]

Recently I wrote a short piece concluding that audit opinions still matter. I drafted this essay within the judicial context of a class action lawsuit, which asserted that BDO had committed fraud, or at least negligence, in its audit of the now-defunct AmTrust. BDO’s defense was that the audit […] Click here to view full […]

Terminally ill individuals often desire to benefit the people and institutions they love by means of actionable and effective tax planning, even in the final period of their life. These taxpayers, their families, and their tax advisors may be motivated to take advantage of situational tax planning opportunities when […] Click here to view full […]

It has been nearly 20 years since, in the pages of the Journal, the authors introduced the Fraud Diamond—a novel extension of the long-established Fraud Triangle that places greater emphasis on the personal characteristics of the fraud perpetrator. To mark this anniversary, the authors present a retrospective analysis of […] Click here to view full […]

The proliferation of technology throughout modern business has created novel opportunities for financial statement fraud. But technology tools can also be leveraged to help detect and prevent fraud. Contemporary artificial intelligence (AI) approaches have the potential to be more efficient and accurate in detecting fraud, especially novel frauds. But […] Click here to view full […]

Enacted in 1984, and subsequently amended, the Single Audit Act was established to provide assurance to the federal government that recipients of federal funds have internal controls in place and are in compliance with the federal requirements related to the programs for which the funds were granted. A single […] Click here to view full […]