WHAT??!! ANOTHER multiple-victim embezzler?

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I have an earlier post promoting criminal background checks for employees who have access to cash and accounting records. Here is just one more example of a company being penny wise and pound foolish. They saved a few bucks by not performing a criminal background check on a bookkeeper with, I’m going to guess, pretty […]

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When you sleep with dead fish, you wake up stinking

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Connecticut estate dispute may end with settlement Here is the link. Sorry for bouncing you around. http://www.estateofdenial.com/2011/02/04/conn-estate-dispute-may-end-with-settlement/ So I guess this is old news, but one of the people heavily and directly involved, Debra Hyde, was and still is the Director of Advancement at an elite private day school in West Hartford, Connecticut, Kingswood-Oxford School. […]

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An open letter to the AICPA regarding fraud

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This is a rehash/mash up of 2 previous posts, so if you’ve seen it before, I apologize. One of my traits is that I need to DO something. If people don’t DO SOMETHING, nothing changes. So I’ve emailed this to the members of the Board of the AICPA. The response I received from the AICPA […]

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Towards a New and more Effective Consideration of Fraud in a Financial Statement Examination

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So what do I suggest if I think the triad of fraud “guidance” is a crock? Good question. In an accounting/auditing engagement, what would I recommend as guidance in considering the risk of fraud?   First, I would create at least 2 major and wholly independent categories of fraud.   Material, willful, financial statement fraud […]

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