Posts tagged ‘purchasing fraud’

 

Embezzlement never takes a holiday

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If you have concerns along this line for your business or organization, contact me. benson.dana@gmail.com Read through other blog entries to gain a more complete understanding of internal controls that can prevent and detect this sort of thing. Bookkeeper charged with embezzling more than $150,000 from 2 Lincoln County businesses From the 12/23/2015 Portland Press […]

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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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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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Are Criminal Background Checks a Waste of Time and Money?

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Listen, you spend hundreds and thousands of dollars every year on auto insurance, and life insurance and homeowner’s insurance, right? And your hope and expectation is that you NEVER have to draw on it, right? Nobody in their right mind drives around thinking, gee, I hope I get in an accident and do lots of […]

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