Monday, December 3, 2012

CPA sentenced to prison in massive fraud scheme - Washington Times

Alright guys, are we not supposed to trust our CPAs and our bosses. The answer is trust with caution. No one is immune to this behavior, we all must understand that. The fraud Triangle makes that clear. (see link below)

Opportunity + Pressure + Rationalization =  FRAUD



Perpetrators with higher levels of authority tend to cause much larger losses. The median loss among frauds committed by owner/executives was $573,000, the median loss caused by managers was $180,000 and the median loss caused by employees was $60,000. (ACFE. com)




FRAUD IS A VIOLENT CRIME- PREVENT IT

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