Although controls can never guarantee with absolute certainty that fraud will not occur, properly designed internal controls that operate effectively can help mitigate the effects of fraud and demonstrate to regulators, shareholders, and stakeholders that management is taking the proactive steps necessary to manage risk in an ever more complex global economy.
Recently Tom Alongi, leader of UHYI’s Global Automotive SIG and audit partner in UHY’s Sterling Heights office sat down with Ian Welham of Haydenrock Solutions for a podcast on successful CPAs.
This is a reminder that the Form 5278, Essential Services Assessment (ESA), must be certified (approved) and paid by August 15. Taxpayers have been mailed notifications reminding them to complete the process via the MTO System (Michigan Treasury Online). Payment must be made online. No invoices pertaining to the ESA are being mailed to taxpayers.
The Mortgage Credit Certificate program has issued a federal tax credit to first time homebuyers statewide. The homebuyer can credit 20 percent of their annual mortgage interest paid against their federal tax liability. This credit is good for the life of the mortgage. There are only certain mortgage companies that are participating in this program.
You've spent time and money configuring your enterprise security software and have assured your stakeholders that this investment will help keep your data safe. What happens when the software that is supposed to protect your data winds up exposing it instead? This nightmare scenario is a reality for many businesses; possibly yours. Several versions of Symantec antivirus software were recently found to have multiple critical vulnerabilities that can expose all of your sensitive information to unknown third parties.
When the skies are blue and the mercury tops 90, many of us turn to America's pastime, baseball, to distract us from our daily travails. But in recent years, America has developed a new pastime, watching and predicting what the Fed will do with interest rates. At the end of July, the Federal Open Market Committee (FOMC) meeting provided a couple of innings of data on what might be happening down the stretch of 2016.