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Internal Controls Are Key – But They Have To Be Challenged To Be Effective

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Hannaford Brothers Co. was a good place to work, as I said elsewhere on this blog. They had a strong commitment to good internal controls from the very top to the bottom of the ladder. But they also had a professional and effective internal audit function. STILL, fraud was occurring all the time. Sure, there […]

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My Head-on car crash and dealing with the insurance companies

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This is a narrative of what I went through trying to recover a somewhat minor amount with respect to property loss from the accident with another driver who swerved into my lane at the last possible second and hit me head-on. There are 2 separate aspects to an auto accident – personal injury and property […]

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The True Venn Diagram for Fraud

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Cressy (see my post on “Other People’s Money – a Book Report” and “The Triad of Fraud”) and his minions claim that a Venn diagram for fraud should be presented as follows:   They are all wrong. Here is the true Venn diagram for fraud:  

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Embezzlement never takes a holiday

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If you have concerns along this line for your business or organization, contact me. benson.dana@gmail.com Read through other blog entries to gain a more complete understanding of internal controls that can prevent and detect this sort of thing. Bookkeeper charged with embezzling more than $150,000 from 2 Lincoln County businesses From the 12/23/2015 Portland Press […]

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