Forensic Accounting Services, LLC
Piecing Together Financial Puzzles®
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 …
In studying why embezzlements and similar crimes seem to be growing in both size and frequency, I have been looking for other societal indicators to see if the problem is bigger than simply thieving individuals rationalizing their thefts. One indicator of society I have been monitoring over the last few months is motorists’ compliance with red light traffic signals. The …
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 …