Posts Tagged ‘fraud’

Company Crooks

This posting was prompted by an article I read about what to do when a company owner was committing fraudulent activities to evade income taxes. Whether the fraud is committed by an owner or someone else, let’s cut to the chase and call them what they are: company crooks. While I will not rehash the tax issue, I do want to touch on the issue of fraud from another vantage point; that of the employee or contractor/consultant who has knowledge of a fraudulent activity.

It Could Be Anybody

If you are in a position with a company where you have any kind of fiduciary responsibility this is for you. That not only means CFOs and Controllers, but Read the rest of this entry »

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3 Ways to Cook the Books

You’re probably wondering why, as a financial person, I would be telling you ways to cook the books, right?

What This is not About

For starters, I am not trying to help anyone figure out a way to cheat. In fact, my purpose is just the opposite. I want to help you avoid this happening to your company. The impact of fraud can be extremely costly and may even destroy a company.

Lots of Ways

There are certainly more than 3 ways to cook the books than we could hope to discuss in one blog. However, there are some areas that are ripe for this to happen. After showing you a few of the situations I have observed Read the rest of this entry »

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