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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..

Nonprofit group head speaks out about Ron Paul duplicate payments

Feb 22, 2012 | Category: Duplicate Payments
Earlier this month, Capitol Hill publication Roll Call reported that it had obtained documents suggesting presidential hopeful Ron Paul received duplicate payments from taxpayers, nonprofits, and political organizations. more..

AP audit raises questions about stalled technology park's financial operations

Feb 21, 2012 | Category: Accounts Payable Analysis
A recently released accounts payable audit of the NextGen Aviation Research and Technology Park in Egg Harbor Township, New Jersey, included seven questioned costs, the Press of Atlantic City reports. more..

Berkeley schools head steps down in connection with old AP audit

Feb 21, 2012 | Category: Financial Compliance
The head of the $23 million Berkeley, California, Schools Excellence Program (BSEP) recently stepped down after details came to light regarding an accounts payable audit that revealed numerous financial discrepancies at the nonprofit she used to oversee. more..

AP audit reveals duplicate payments, 'sloppiness'

Feb 17, 2012 | Category: Finance Operations
Missouri's Monarch Fire Protection District recently had its rating adjusted to "fair" by state auditor Thomas Schweich after an accounts payable audit revealed some financial irregularities, the Eureka-Wildwood Patch reports. more..

Report reveals recovery audit success

Feb 16, 2012 | Category: Recovery Audit
Recovery audit contractors (RACs) identified and collected nearly $398 billion in overpayments during the first quarter of fiscal year 2012. more..

Investigation continues into executive charged with embezzlement

Feb 15, 2012 | Category: Recovery Audit
Officials are conducting a recovery audit to determine how much a former executive embezzled from an Indiana County, Pennsylvania, gas drilling company, the Pittsburgh Tribune-Review reports. more..

Lack of AP audits, division of duties heightens small companies' embezzlement risk

Feb 15, 2012 | Category: Finance Operations
The 2011 Marquet Report on Embezzlement, which was released last month, offered insight into misappropriation of funds across the country. more..

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To Be Announced in 2012. Happy New Year to All!