Over time, a lack of financial controls is sure to catch up with any business. While it may take extra time and effort to investigate the health of an organization’s accounts with the help of. Joseph News-Press revealed that prosecutors allege Preszler stole the funds by making unauthorized payments to her personal bank account, including awarding herself compensation for overtime hours she did not accrue. In order to hide these transactions, the news provider explained that Preszler is accused of using a combination of methods, including creating false expense accounts, altering company records and implementing password protection.
Audit solutions can play a role in preventing crime. When these tools are used in conjunction with other strong financial management methods, they can deter and detect misappropriation in time to save a business from suffering major losses.