How many times have you seen a headline such as “Cheerleader mom pilfers trip funds”? It’s a nightmare scenario for an administrator, discovering that large sums of student money are unaccounted for— even if the problem was poor management rather than intentional fraud.
One of the most common ways that crooked employees defraud their employers is by cheating on or padding expense reimbursement reports.
In June, the Federal Trade Commission (FTC) announced “Operation Main Street: Stopping Small Business Scams,” a partnership between federal and state authorities and the Better Business Bureau.
In recent years, an increasing number of companies have voluntarily issued so-called “sustainability” reports in response to growing interest from investors and lenders about potential environmental, s
Companies need to pay close attention to how the adoption of some of the FASB’s new standards may affect their control systems in 2018 and beyond.