‘Fraud and Embezzlement’ Posts

 

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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What’s the difference between the United States and Nigeria?

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Trick question. In some respects, there is very little difference. Let’s enjoy this news tidbit from today’s reports:   From FoxNews, March 14, 2013 – “TALLAHASSEE, Fla. –  Florida’s lieutenant governor resigned and nearly 60 other people were charged in a scandal involving a purported veterans charity that authorities said Wednesday was a front for […]

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