When money begins to go missing, it is crucial for organizations to use audit solutions to start down the path to recovery. Thanks to these tools, the Olive Branch Middle School in Olive Branch, Mississippi, has charged three former staff members with embezzlement, and one of the perpetrators will soon be appearing in court again.
According to the Desoto Times, Kelli McGowen's plea hearing has been set for March 18. Along with two accomplices, she was charged with the embezzlement of more than $10,000 when an AP audit discovered missing funds from a number of school accounts. She had worked as the institution's bookkeeper.
In a similar case, Denise Owens, a former special education teacher at the Stephen Decatur Middle School in Berlin, Maryland, stole approximately $433,000 from the Worcester County Teachers Association, where she served as treasurer. The Washington Examiner noted that Owens' fraud was discovered by the the Maryland State Education Association in 2009, but that officials decided to cover for the crime for fear that the organization would lose members.
While some business leaders may sometimes be hesitant to take advantage of less desirable information that may be discovered through accounts payable audits, it is important to do so to prevent further losses.