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Why Is IRS Involved in Corporate Fraud?

As financial investigators, IRS Criminal Investigation (CI) special agents fill a unique niche in the federal law enforcement community. Because of our financial investigative expertise, CI is involved in most corporate fraud investigations. Today's sophisticated corporate fraud schemes demand the analytical ability of financial investigators to wade through complex paper and computerized financial records.  Due to the increase in the automation of financial records, CI special agents possess computer investigative skills that enable them to recover financial data that may have been encrypted, password protected, or hidden by other electronic means.

The Sarbanes-Oxley Act provides additional investigative tools to help combat corporate fraud.  This Act made provisions in the law, which hold corporate officers accountable for the content of their corporation’s income tax returns, financial statements, and their conduct relating to the manipulation of corporate records.  The Act imposes stiffer sentences of up to 20 years in prison for the destruction, alteration or falsification of records in order to impede federal investigations and bankruptcies. 


Corporate Fraud - Table of Contents

Criminal Investigation (CI)

Page Last Reviewed or Updated: 12-Feb-2014