‘Fraud and Embezzlement’ Posts

 

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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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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What can be done to stem the tide of fraud and embezzlement at small firms and non-profits?

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Here is the link to my letter to the editor today: http://www.pressherald.com/2015/11/11/letter-to-the-editor-cpa-firms-need-to-offer-free-reviews-to-nonprofit-groups/ For those who are skittish about clicking on links, here is the text: The former treasurer of the Winslow Travel Soccer Club pleaded guilty Nov. 5 to stealing almost $15,000 from the club over a 2½-year period. I’m tired of seeing headlines like […]

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Vermont – A Leader In Embezzlement Cases

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From Mike Donoghhue of the Burlingtom Free Press, 1/1/2015 For the third time in six years, Vermont has been named No. 1 in America … As the riskiest state for major embezzlements. And Vermont has some of the shorter prison sentences for those caught dipping into the till, according to the latest annual report by […]

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