Effective fraud risk management is a matter of going back to basics, a forensic accountant contends.
David M. Katz, CFO.com | US
October 21, 2010
we are living in the era of information glut. reports have exceeded in no too much and managers rely on on system based reconciliation thats why they have become laxed. newayz taking the print and looking at the hard copy always helps to get a good picture.
Posted by Waqas Ahmed | July 13, 2011 05:16 am
It boils down to one of two issues. 1. Managers are lazy and don't want to take the time to read the reports, and assume someone else will do it or 2. They are intimidated by the information, and rather than learn a new area they simply ignore it. I've had client after client, that would have found fraud or negligent errors early on had they only paid attention to already existing "standard" reports.
Posted by Jim Zapapas | October 22, 2010 06:58 pm© CFO Publishing Corporation 2009. All rights reserved.