‘Fraud and Embezzlement’ Posts
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. 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.
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 […]
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 […]
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 Isolated personal […]