AP audit reveals Missouri business manager’s embezzlement

The former business manager of a Sharp County, Missouri-based company was recently charged with theft of property and committing an unlawful act involving a computer after an accounts payable audit determined that she had embezzled more than $9,000, according to the Area Wide News.

The AP audit revealed that Sherrie Lynn Herlein – who worked at the company's Highland office between 2009 and her termination last May – made duplicate payments to herself and increased her weekly payroll amounts without authorization. Additionally, she was found to have used the company's bank account to pay her electrical bill on numerous occasions, the news source reports.

After the company's owner became suspicious about the transactions, he confronted Herlein, who attempted to cover her tracks by deleting financial records from a computer used by the business.

In addition to the $9,000 in fraudulent payments, Herlein is also suspected of stealing an undisclosed amount of cash from the business, according to the news source.

Herlein's position as business manager allowed the embezzlement to go undetected for a significant period of time. Establishing a system of checks and balances and conducting regular accounts payable audits can help minimize the effects of fund misappropriation.

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