As technology has grown more sophisticated, those engaging in fraudulent activity have greater opportunities to circumvent even the most robust financial control systems. But UHY Advisors Forensic, Litigation & Valuation Service professionals can deploy the most sophisticated tools and processes to help ascertain if fraud is being perpetrated through an exhaustive electronic review of the general ledger, inventory, journal entries, and accounts payable or accounts receivable subledgers. Our exclusive data mining process and analytical techniques can identify irregularities and anomalies that have previously gone undetected.
Data mining is an important anti-corruption investigatory tool used when evidence exists of financial fraud, especially in cases where there is a large amount of data to be reviewed. Using the same disciplines we use to detect financial statement fraud, UHY Advisors anti-corruption professionals can:
According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in. The first is the Institute for Supply Management’s Purchasing Manager’s Index and the second is the Federal Reserve’s Capacity Utilization Index for motor vehicles and parts.
In the simplest terms, Industry 4.0 is the intersection of machines, devices, sensors, data and people all communicating in real time via the cloud, intranet or network (ERP/MRP) system. “Smart factories” will begin to propel manufacturing into a new era where production, information technology and communication (internet) are all connected together to improve processes and supply chain optimization. The ultimate manufacturing goal is to make more informed decisions that will move products faster through the supply chain. These premises are the foundation of the Industrial Internet of Things (IIoT).
General Data Protection Regulation (GDPR) is the most prescriptive global data protection law regulating enterprises that process personal data of European Union (EU) residents. The primary goal of the regulation is to provide a set of standardized data protection laws to make it easier for EU residents to understand how their personal data is being used and allow them to raise complaints, even if they do not reside in the country where the violation occurred.
Tax reform provides an opportunity for simplification and tax relief for "small" businesses. Under the Act, a small business is defined as a taxpayer with average gross receipts during the previous three tax years of $25,000,000 or less. The $25,000,000 limit will be indexed for years after 2018. So what are qualifying taxpayers eligible for?
Michigan's new Motor Fuel tax processing system, "Michigan Automated Tax System" (MiMATS) will begin July 30, 2018. With the implementation of the new system, paper returns will no longer be accepted. The last date to file in the current system will be July 20, 2018.