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February 2012

AP audit reveals emergency fund embezzlement

Feb 29, 2012 | Category: Accounts Payable Analysis
When an Arizona Department of Emergency and Military Affairs employee reported financial irregularities in an emergency fund for the state's National Guard in February last year, an accounts payable audit should have been launched immediately. more..

AP audit implicates parish manager in embezzlement

Feb 28, 2012 | Category: Accounts Payable Analysis
The former business manager of St. John Vianney School and Parish in Wyoming, Michigan, was recently accused of embezzlement after an accounts payable audit revealed misappropriation. more..

Missouri county requests state audit

Feb 27, 2012 | Category: Financial Compliance
Taney County, Missouri, commissioners recently voted unanimously to request that the state auditor's office carry out a comprehensive investigation into its financial operations, the Branson Tri-Lakes News reports. more..

Recovery audit reveals victim's violations

Feb 24, 2012 | Category: Recovery Audit
In a surprising twist to an embezzlement case, the reported victim of misappropriation is now being disciplined for violations discovered during a recovery audit conducted in response to the alleged crime, according to the Kenosha News. more..

AP audit exposes illegal payouts, duplicate payments

Feb 24, 2012 | Category: Duplicate Payments
An accounts payable audit conducted by the office of Missouri auditor Thomas Schweich uncovered duplicate payments and unconstitutional payouts to senior employees of Chesterfield's Monarch Fire Protection District (MFPD), the Chesterfield Patch reports. more..

Employee did not embezzle from school district, AP audit finds

Feb 23, 2012 | Category: Accounts Payable Analysis
After a former employee of a Texas school district was charged with embezzling funds from a nonprofit organization, the district launched an accounts payable audit to check for financial irregularities that might indicate misappropriation. more..

Vermont auditor calls school embezzlement statistics 'alarming'

Feb 23, 2012 | Category: Accounts Payable Analysis
According to a recently released report by Vermont auditor Tom Salmon, approximately $415,000 has been reported missing from 16 Vermont supervisory units or school districts over the past 11 years, The Associated Press reports. more..

Iowa at high risk of embezzlement, study finds

Feb 22, 2012 | Category: Finance Operations
Nine cases of major embezzlement last year took place in Iowa last year, causing it to be named a state where business owners are most at risk of having more than $100,000 embezzled from their companies. more..
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To Be Announced in 2012. Happy New Year to All!