Accountancy intelligence to lead, innovate & grow.

Want to get your daily slice of Accountancy knowledge to your inbox? Sign up now

Accountancy Slice helps you stay ahead of essential accountancy news shaping your profession. Every weekday, our unique blend of AI, accountancy experts and researchers monitor 100,000s of articles and share a summary of the most relevant and useful content to help you lead, innovate and grow.

From Audit to Tax, Practice Management, Tech, Reporting and accounting firm news. Accountancy Slice is the only trusted online news source in the US dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the accountancy industry.

AS banner
Recent Editions
 
as-recent-na
Accountancy Slice
North America
IRS investigates $8.9bn Covid fraud cases

Four years after the enactment of a key pandemic-era law, the Internal Revenue Service (IRS) has investigated 1,644 tax and money laundering cases related to COVID fraud potentially totaling $8.9bn. These cases include fraudulently obtained loans, credits, and payments meant for American workers, families, and small businesses under the Coronavirus Aid, Relief and Economic Security (CARES) Act. As of Feb. 29, 795 people have been indicted for their alleged COVID-related crimes and 373 individuals have been sentenced to an average of 34 months in federal prison. IRS Commissioner Danny Werfel stated that the work by IRS Criminal Investigation plays a vital role in protecting against fraud and ensuring fairness in the nation's tax system. CI's ongoing fraud-protection work will be bolstered by additional funding received through the Inflation Reduction Act. CI Chief Guy Ficco emphasized the importance of seeking out fraudsters who stole money from government loan programs for personal gain.

Full Issue
 
top-shadow
Read the latest Accountancy highlights