‘Fraud and Embezzlement’ Posts

 

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

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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.

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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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WHAT??!! ANOTHER multiple-victim embezzler?

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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 […]

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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 Isolated personal […]

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