A recent high-profile embezzlement case may stand as a strong example of why the use of and wrote personal checks to himself from the musician's accounts.
The news provider added that Rothenberg could serve up to 30 years in prison.
According to a study in the Western Criminology Review, trust-based relationships are often at the center of accounts payable fraud, as these bonds enable employees to perpetrate these offenses without being detected. Often, the company owner is shocked to discover embezzlement because of the faith they had in the staff member who misappropriated funds.
Trust should never be seen as a strong internal control. While it may be important to believe in one's employees, it is always critical to use audit solutions to ensure all processes are running the way they should be.