Tags » Internal Controls

What internal controls might have stopped a Cargill accountant from embezzling $3.1 million?

Cargill, Inc., is the largest privately held corporation in the United States as measured by revenue. According to Wikipedia, if it were a publicly-held corporation, it would rank number 12 on the Fortune 500. 447 more words

Teaching Accounting

Checklist of Fraud Prevention Measures

Time to be proactive in protecting your organization from fraudsters.

Here is a list of five measures to check off in your journey to protect your organization:

Forensic Accounting


A necessary element of governance is that you have rules, or standards, to which the governed are supposed to adhere. Problems often arise when people don’t follow the rules. 126 more words


Enterprise Risk Management Systems should be Effective

Every organisation has a set of business objectives. There are always risks and evolving situations present that could prejudice the meeting of these business objectives and may even prejudice the very existence of the organisation itself. 239 more words


Smoke may come from multiple fires

When you discover a weakness in one of your control systems and fix it, do you proclaim success and return to normal operating status?  May be you should look around a bit more. 104 more words


Complex Risk: due diligence, conflict of interest, ultimate beneficial ownership

Recent headlines covered Brexit and Britain’s subsequent repeal of laws, Germany’s private bank Hauck & Aufhäuser, dissolved Welling & Partners in the British Virgin Islands ( 969 more words