Statement of Commitment to Security November 2024
Fishman, Block + Diamond, LLP (“FBD”) has made a strong and proactive commitment to information security in order to protect the sensitive information of our company, and that of our clients. This document explains the specific actions that we have implemented, and we recommend that these measures be considered and implemented by our clients and […]
Microsoft Secure Score Bulletin
Below is an important security bulletin from our external computer security provider DCG Technical Solutions, Inc. announcing a new security product from Microsoft that we recommend you utilize. Our score is above 90 which we have been told is spectacular. If you have any questions you should reach out to your external computer security provider […]
Client Memo Fraudulent EFTPS E-Mail Scams
There is a new e-mail scam related to the Electronic Federal Tax Payment System (EFTPS) that we want you to be aware of. According to the IRS, the scheme targets individuals and businesses who utilize EFTPS to pay their federal taxes online or via telephone. The fraudulent e-mail claims that the user’s tax payments were […]
Tax Time Scams Awareness
As the IRS announced the beginning of the 2018 tax filing season last week, it also warned that this is the time when identity thieves and fraudsters are actively seeking opportunities to steal from businesses and individuals. In addition to tax scams covered in our previous client memos – IRS Warns of Phone Scam, IRS […]
Client Memo – Fraud Prevention
A strong system of internal accounting controls is important in preventing fraud. The internal control system consists of the mechanisms that are in place to protect company assets. The assets most vulnerable to loss include: Cash Accounts Receivable Inventory and Fixed Asset Confidential Information We have listed below some of the procedures and policies that […]
Client Memo – Common Types of Fraud Schemes
There are two types of fraud, occupational fraud, and financial statement fraud. Of the two, occupational fraud is the most costly to small businesses. The common types of occupational fraud schemes include the following: 1. Asset misappropriation – Skimming. This is the most common form of cash misappropriation. Skimming is stealing incoming cash before it […]
Client Memo – Big Concern for Small Business
According to various studies conducted by the Association of Certified Fraud Examiners (ACFE, www.cfenet.com), the per-employee losses from fraud in the smallest businesses are 100 times the amount of their largest counterparts. This is mainly due to the fact that small businesses have limited resources to perform adequate employee prescreening and implement sufficient internal controls […]
Client Memo – IRS Warns of Phone Scams
We would like to bring to your attention a recent warning issued by the IRS about a phone scam that targets people across the nation. Callers claiming to be from the IRS would tell intended victims that they owe taxes and must pay using a pre-paid debit card or wire transfer. The scammers threaten those […]
