Lessons from an $8 million fraud

If you’ve never seen a fraud, if you don’t understand how improperly elevated permissions on an ERP system can hurt, or if you don’t really get the importance of  internal controls, please read Lessons from an $8 million fraud from Journal of Accountancy. It’s a great read. The story moves right along. The protagonist is clever. He almost gets caught early. Eight million dollars later, it’s all over.

 

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