Do accounting errors & fraud really affect small businesses?... ABSOLUTELY!
Accounting errors and fraud undermine financial decisions, result in monetary losses and in some cases even force companies to close. Read the TRUE STORIES below to see how REAL small businesses are affected by errors and fraud every day.
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Former Copiah Bank Employee Indicted on Federal Bank Fraud Charge
According to the indictment, Welch utilized her position as bookkeeper from April 2008 through November 2009 to manipulate the bank’s computer system in order to increase her home equity line of credit from $15,000 to $350,000 without obtaining permission or consent.
Link to Story.
CPA admits to stealing from clients
A certified public accountant, who formerly had offices in Delaware, admitted to wire fraud and embezzling nearly $900,000 from at least two of his clients Monday in U.S. District Court.
Link to Story.
