Forensic Accounting Services, LLC
Piecing Together Financial Puzzles®
Credit and debit card skimming has been happening for several years now. It has evolved over time from dishonest employees skimming your cards at your favorite stores and restaurants, to more sophisticated means – such as attaching skimming devices to ATM machines and the lock systems that allow you access to the ATMs. It is well known that purchasing gas …
I have posted previously on the importance of every employer to ensure employee dishonesty, employee fidelity and/or employee crime coverage is included within your current policies. Often this policy is the only means for recovery from an employee theft. Even if coverage is maintained, I am confident most insureds are unaware of two common limitations within the coverage should there …
Much media attention has been devoted to the changes coming in February 2010 regarding credit card policies, changes in interest rates, and overdraft charges. Many banks have been making rapid changes to existing credit card holders’ accounts, increasing rates and lowering limits, in preparation for the imminent changes enacted last fall by legislation. You need to read the notices and …
I just finished a book I purchased on-line on employee embezzlement I highly recommend. Here are the specifics: Stopping Employee Theft: What Every Employer Must Know. R.W. Deckert ISBN # 0-9662640-0-2 This book was not what I expected. I thought this book would be another book written for the business owner audience on internal controls and segregation of duties to …
Tonight I did a simple Internet search through Google’s News, using the key word “embezzlement.” The results – three screens of articles just from today’s publications on recent embezzlement cases, with a wide range of perpetrators and amounts involved. The largest – a Wisconsin case – a recently discovered $4.5 million scheme by the vice president of finance at Koss. …