Visibility is one of the key components of an organization’s financial health. Without the ability to successfully monitor if money is being correctly used, it’s possible for individuals to engage in misconduct. By using man did not claim the stolen money when filing taxes.
The St. Paul Pioneer Press explained that the crimes dated back to 2008, and that Domeier had been employed at the archdiocese between 1995 and January 2012. He took the funds through a number of means, including misusing the organization’s credit card and diverting its checks to his own accounts. The news provider added that the money was used to pay off personal bills, his children’s private schooling and other expenses.
When businesses use audit solutions, they gain the insight they need to guard against embezzlement.