‘Fraud and Embezzlement’ Posts

 

Another 50 Million Reasons Not To Trust The Auditors

Read full article  | No Comments

KPMG audit partners settle test cheating allegations. For the complete story and all the others on this blog, visit Amazon and search for “Tales From The Trenches,” available after August 31st, 2020. By Aaron NicodemusTue, May 19, 2020 1:05 PM The KPMG cheating scandal expanded this week as three former partners at the firm settled […]

Read More

Widespread Fraud in Chinese Accounting?

Read full article  | No Comments

From CNBC & Forbes: An investigation that found a preliminary $314 million of accounting fraud at money-losing Chinese coffee chain Luckin Coffee triggered a 76% collapse of its Nasdaq-traded shares yesterday,  wiped out of billions of dollars of shareholder wealth,  and pushed chairman Charles Zhengyao Lu out of the ranks the world’s billionaire ranks. For the complete story and […]

Read More

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

Read full article  | 1 Comment

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 […]

Read More

Embezzlement never takes a holiday

Read full article  | No Comments

Bookkeeper charged with embezzling more than $150,000 from 2 Lincoln County businesses From the 12/23/2015 Portland Press Herald: Joseph Corson is accused of overpaying himself and using the companies’ credit cards for unauthorized purchases. For the complete story and all the others on this blog, visit Amazon and search for “Tales From The Trenches,” available […]

Read More