Blog

Is “Trust” a consideration in designing and implementing internal controls?

When I am working on evaluating, designing and implementing internal controls and accounting procedures within client organizations to minimize the risk of employee theft and embezzlement, I am frequently asked why certain measures are needed, given that a certain individual works within a position.  The individual is often described as a long-term, honest, loyal, dedicated and trustworthy employee who would …

Read more

ATM cards… did you know?

I while back after falling victim of yet another debit card violation, I destroyed my debit card, and reverted back to traditional credit cards.  I also requested and received a traditional, plain Jane ATM card (just like the ones that were originally issued and only worked at an ATM).  The first request of my bank resulted in my receiving a …

Read more

Documents and Images – “Live or Memorex”?

A few years back (maybe dating myself) Memorex ran an ad campaign whereby they proclaimed their recordings were so realistic  it was hard to tell if it was live or recorded.  Funny how successful advertising lines can stick with you for life. As newer technology has become available, more information has shifted into the digital world, including video, audio or …

Read more

Embezzlement versus Larceny: Ice Cream Truck?

Larceny is a legal term for theft or stealing, the taking of another’s property for personal gain with no intent to return the property (permanently deprive rightful owner of their property). Embezzlement is a form of larceny, with some unique characteristics.  Embezzlement involves an individual using (and exploiting) a position of trust and opportunity, committing theft acts over time, with …

Read more

Parents Beware: Purell (TM) Waterless Hand Sanitizer… it’s 120 proof!

A rash of articles appearing in the mass media during the past few weeks spotlights the latest epidemic of creative substance abuse… Children and teens have once again discovered an unintended use for a common household product, following the likes of White-OutTM, ReadiWhipTM, Preparation HTM and Mucinex-DTM, leading to global warnings to educate parents of the risks associated with – if …

Read more