CPAs: Criminal-Pursuing Agents (Journal of Accountancy)

Ronald L. Durkin feared for his life. That’s not something you would expect to hear from a CPA describing a meeting with potential clients. But these were not your ordinary clients. And this was not your ordinary accountant. Durkin was an FBI agent working undercover as he had a drink with known members of an organized crime group at a fancy restaurant in Los Angeles. The goal was to establish a business relationship between their crime ring and a faux accounting firm Durkin had established. If all went well, the meeting would be another step in building a case against the criminals. If something went wrong and Durkin’s cover was blown, he could find himself in mortal danger. “You had to be careful,” he said. “These were very bad guys.” All went well at the meeting until it came time for Durkin to pay the bill. Then something went wrong. Nearly very wrong. “By mistake I pulled out my personal credit card, instead of my undercover credit card, and started signing,” he said. “I then thought, ‘What am I doing?’ So I jumped up, went straight to the waiter, tore up the bill, and yelled at him that he charged us for something we didn’t order and that he needed to bring us a corrected bill.” Luckily for Durkin, none of his drinking companions noticed his mistake, and his undercover operation continued. It was not, however, the last time Durkin found his life in potential danger. – See more at:…


Fraud Awareness Week Starts Nov 15: Get Free Anti-Fraud Resources

Fraud is a problem facing companies of all sizes and employees in all departments. But in contrast to days past when companies only reacted to fraud after the fact, organizations are now being more proactive in addressing risk and compliance issues head-on. Organizations like Clorox, Walmart, USAA and more have signed up to support the upcoming International Fraud Awareness Week, November 15-21. They have stepped forward at a time when entities lose an estimated 5 percent of their revenues to fraud (according the ACFE’s 2014 Report to the Nations on Occupational Fraud and Abuse).

International Fraud Awareness Week has come a long way since its humble beginning back in 2000. There are now organizations from all over the world registered as Official Supporters, including large corporations, small businesses, government agencies, boutique accounting firms, nonprofit organizations and ACFE chapters worldwide.

One of the best things about Fraud Week is that it presents a unique opportunity to share free anti-fraud resources and best practices with organizations that want to raise awareness among their employees, clients and even the general public.

Stay tuned for more resources available starting November 15th.