Mon.Feb 07, 2022

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Using AI to Detect Fraud

FraudFiles

In some ways, it seems like fraud has gotten easier in the age of the internet. People can hack into databases and get access to information they never could have gotten unless they traveled somewhere and physically broken into a building. Electronic banking and the ease of purchasing things on the internet also make it seem as though fraud is easier to commit.

Maine 52
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The Four Pillars of an Effective Project Risk Management Plan

Withum

An effective Risk Management Plan ideally considers multiple controls and intertwining processes that produce a system that doesn’t stop learning. Risk management planning is often a key project topic that comes to mind when strategizing towards a future state of a project, regardless of industry or company size. Risk management goes beyond a simple checklist of “to-do’s” and “not-to-do’s” but instead a dynamic and interconnected system of processes that

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Federal Paid FMLA May Be Out While States Consider Possibilities

ThomsonReuters

The signing of the Family and Medical Leave Act (FMLA) celebrates its 29th anniversary this February 5. Signed in 1993, the FMLA provides workers of employers with at least 50 employees up to 12 weeks of unpaid leave per year for the birth, adoption, or foster care placement of a child, and time off to tend to their own serious health condition or of those in their family.

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Remembering Booker T. Washington: Proponent of Black-Owned Business

inDinero Accounting

Credit: Library of Congress This February, indinero would like to take the time to remember one of the earliest proponents of Black-owned businesses, Booker T. Washington. Formerly enslaved, Washington used his freedom to help build an economic infrastructure for the Black community. He encouraged people to invest in Black-owned business and to buy Black.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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2022 Minimum Wage and Overtime Salary Threshold Increases

ThomsonReuters

A new year brings minimum wage increases in 21 states while Connecticut and Florida will increase their minimum wage rates later in the year. Minimum wage rates will also increase in many localities around the nation. . Minimum wage rate adjustments have not yet been determined for the District of Columbia, Nevada, and Oregon which are scheduled to take effect on July 1 of this year. .

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Ask the Expert… What is the Triple Bottom Line?

DMCL

Businesses have traditionally looked solely at their profitability to determine how well they are performing; however, with growing public awareness of key social and environmental issues, more and more businesses are turning to CSR to focus on growing their triple bottom line instead. You may have heard of the triple bottom line before, but weren’t clear on what it stands for.

CPA 52
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Don’t Be Undecided

RitaKeller

“Procrastination gives you something to look forward to.” – Joan Konner. Accountants often seem very tentative about making decisions. This applies especially to the hard decisions that really need to be made. CPAs use the long-time delay tactic – “Wait until after tax season.” I have observed many decisions about important new ideas handled as follows: We have to wait until after April 15.