Tag: small business fraud

  • Home
  • Tag: small business fraud
Structure of a Coronavirus - Small business fraud and COVID fraud

COVID Fraud Scams Needs to be Reported More by Whistleblowers

COVID Fraud on the Rise From March 2020 through January 13, 2023, at least 1,044 individuals pleaded guilty or were convicted of defrauding COVID-19 relief programs, according to a recent study by the Government Accountability Office (GAO). Fraudsters’ biggest targets were two loan programs administered by the Small Business Administration (SBA) — the Paycheck Protection Program (PPP)...
Read More
Crop anonymous patriot showing flag of United Stated of America

Ethics Code Now Guides Accountant Whistleblowers

The International Ethics Standards Board for Accountants (IESBA) has revised the Code of Ethics for Professional Accountants to address ethical concerns about how to handle a client’s suspected non-compliance with laws and regulations (frequently referred to as “NOCLAR”). The changes to permit whistleblowing in the Ethics Code, which serve as guidance for professional accountants around...
Read More
Close-up Photo of the Stock Market, representing IRS Whistleblower Complaints

GAO Report on IRS Whistleblower Complaints Demonstrates Need for Consolidation

IRS Whistleblower Complaints in 2015 The Internal Revenue Service received 87,000 information referrals in Fiscal Year 2015 from the public submitting Form 3949-A to report suspected tax evasion, according to a recent U.S. Government Accountability Office report on the IRS referral programs which also included comments about the Office of the Whistleblower. The report concludes...
Read More