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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Bookkeeper for washer company stole $1 million
Another great story submitted by Lisa Guerra at Atlanta Professional Accounting. A rare case where the victims actually recovered their loss.
http://www.statesman.com/blogs/content/shared-gen/blogs/austin/courts/entries/2009/09/11/feds_bookkeeper_for_washer_com.html
From January 1998 to July 2006, Geiger stole from the company by writing checks from the company, including some to pay her credit card bills, to her family members and to pay people who did [...]
