An article appeared today written by David Katz of CFO Magazine that features an interview he had with me regarding the state of the union on employee embezzlements.
Complacency seems to have settled in within some organizations who had well designed and operational internal controls, but over time lost compliance and oversight, leading the the creation of opportunities for individuals to exploit the organization for personal gain. Three themes I have echoed throughout all the years: implement practical internal controls applicable you your organization; ensure compliance to the controls implemented; and remain vigilant.
Here’s the link to the article: http://www.cfo.com/article.cfm/14532812/c_14532784
Here is the link to CFO Magazine: http://www.cfo.com