Creditworthiness Verifications and PPP Loans

CPA firms receiving requests from lenders for creditworthiness verifications for clients who had requested Paycheck Protection Program (PPP) loans were often unsure of how to respond. The advice CAMICO gave CPAs assisting their clients with PPP loan applications is valid for similar circumstances in which a lender wishes the borrower’s CPA to provide creditworthiness feedback to the lender.

War Story 119

Subject: Business Management Services; Wire Transfer Fraud

John Duval, CPA, had been engaged for several years by a high-net-worth client, Ed Robertson, who developed commercial and residential real estate. Duval provided business management and bill-paying services, which included wire transfer authority to pay Robertson's bills and transfer funds.

Recognizing the Signs of Elder Abuse

By Randy R. Werner, J.D., LL.M./Tax, CPA

The elderly population in the U.S. (those 65 and older) is projected to grow to 80 million by the year 2050, and the incidence of elder abuse, including the hard-to-detect financial and material exploitation perpetrated against elders, is also expected to grow. Financial neglect, financial exploitation, and health care fraud are among the more egregious abuse in this category of elder abuse.

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  • 07 Jan

    War Story 120-A

    Topic: Fraud, PPP loan

    Services: Tax return preparation, financial st... read more

  • 07 Jan

    War Story 120-B

    Topic: Fraudulent PPP loans

    Services: Tax return preparation
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