As attorneys, we are often focused on deadlines and client management, which can create opportunities for wrongdoing from within the firm. Annually, employee theft costs US businesses $50 billion, with small and mid-sized businesses accounting for 68% of the total. In this CLE, Vu Le will discuss financial fraud as it occurs in small businesses, particularly law firms. We will cover the elements of fraud, why people steal, and what circumstances must be present before someone can steal. We will then cover the more common ways employees might steal as well as strategies to detect, minimize and deter it.
Vu started in the financial field in 2005 as a financial auditor. Her experience includes financial auditing, financial reporting, tax compliance, tax planning, and tax controversy. This experience lets her see the bigger picture and help her clients through their financial journey.
Prior to finding Le Tax Law, PLLC, Vu worked for the Chief Counsel of the IRS, two of the big four accounting firms, and was in house for one of the top 10 private equity firms in the world, Additionally, during her time as the international tax chair for the SBOT, Vu’s comment on the aggregate approach for less than 10% partner was incorporated into the GILTI Treasury Regulation 1.951A-1.
Cost: FREE to section members, $10 for nonmembers
Credit: 0.75 hoursEthics: 0.75 hours
816 Congress Ave Suite 700 ~ Austin, Texas 78701