Posts tagged ‘Internal Audir’

 

Performing Cost Recovery Audits, Adding Value and Having Fun

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As any kind of employee anywhere, it is always a good idea to keep track yourself of just exactly what value you add to your company or organization. This doesn’t have to be translated into dollars, although dollars are a common currency of relative value. For any type of nonprofit organization, the worth could be […]

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Travel Expense Fraud

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The sticker on my black SUV: The terms travel expense reimbursement and fraud are joined at the hip. It’s almost impossible to have one without the other. We received a request to review every travel expense form for every vice president in the company from the Audit Committee of the Board of Directors. That is […]

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Internal Fraud by a Company Executive

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I knew and occasionally worked with Marty Greeley. What was the sin in this case? Lack of segregation of duties!!!!! Marty approved the vendor (himself as a fictitious vendor), he was responsible for the vendor’s fake work, and he approved the invoices for payment. One person handling the entire process from beginning to end. Every […]

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