Posts tagged ‘retail theft’

 

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 […]

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3 New Embezzlement Stories

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http://connecticut.cbslocal.com/2012/11/15/cable-exec-charged-with-embezzlement/ Here is another small non-profit organization victimized by poor internal controls and bad management. Good management does not tolerate bad internal controls. BOLTON, Conn. (AP) _ Bolton police say the former president of a public access TV station embezzled nearly $380,000 since 2007. The Journal Inquirer reports that Deborah Hilton of Bolton surrendered to […]

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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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