PwC Report Examines Cyber Risks for Companies

July 31, 2014 

PwC Report Examines Cyber Risks for Companies

A new report from PwC US and the Investor Responsibility Research Center Institute (IRRCi) indicates that while companies must disclose significant cyber risks, those disclosures rarely provide differentiated or actionable information. The report examines key cybersecurity threats to corporations and provides information to investors struggling to evaluate investment risk, business mitigation strategies and the quality…

Isaac M. O'Bannon

 Forensic Accounting Case Study Spotlights CFO Fraud

July 28, 2014 

Forensic Accounting Case Study Spotlights CFO Fraud

A client requested an initial audit to satisfy bank requirements of a wholesale/distributor of office products. The experienced team at Gettry Marcus performed the required audit procedures, but as it does with all clients, Gettry Marcus looked beyond the required steps.

Isaac M. O'Bannon

 FASB Simplifies Inventory Management Guidelines

July 15, 2014 

FASB Simplifies Inventory Management Guidelines

As part of an initiative towards simplifying accounting standards, the Financial Accounting Standards Board (FASB) has issued two proposed updates that are meant to ease the measurement of inventory and eliminate the requirements for extraordinary items

Isaac M. O'Bannon

 Bookkeeper Accused of Stealing $400K

July 2, 2014 

Bookkeeper Accused of Stealing $400K

A 65-year-old New Mexico woman is accused of stealing nearly $400,000 from her employer, including forging more than 200 checks and paying $30,000 in mortgage payments via electronic transfers from her employer's account.