Thefts of Cash From Local Governments
Thefts of cash from local governments is common. How many times have you seen a local newspaper article like…
Segregation of Duties: How to Overcome
Segregation of duties is key to reducing fraud. But smaller entities may not be able to do so. Today,…
Collin Street Bakery Fraud: $16 Million
Sandy Jenkins, a controller, stole $16 million from the Collin Street Bakery. You read that right. A bakery. Today…
Related Party Transactions: Fraud
Related party transactions can be a means to fraudulent financial reporting. Yet, auditors often don’t detect the financial statement…
Providing Fraud Prevention Services to Compilation Clients
This post discusses CPAs providing fraud prevention services to compilation clients. If you haven’t done so in the past,…
Fictitious Vendor Fraud: How to Prevent It
Twenty-four percent of governmental frauds are billing schemes such as fictitious vendor theft, so says the Association of Certified…
Expense Fraud: An Honest Theft
Honest people steal. Nice, innocent looking people take money that’s not theirs. How? One way is expense fraud. The…
Auditing for Fraud: The Why and How
Auditing for fraud is important, but some auditors ignore this duty. Even so, fraud risk is often present. So…
How a Simple Fraud Scheme Sinks a City: Rita Crundwell
Is it possible for one person to steal over $53 million from a city with an annual budget of…