The fall from Big 4 audit partner to prison inmate. Because he leaked private information to a golf buddy who traded on the secrets, Scott London, formerly audit partner at the pinnacle of his career, was sentenced to 14 months in federal prison for insider trading.
Audit, Review, Compilation. Those are three levels of services a CPA can provide your business or nonprofit organization. How are those different? This short book will help you understand each of the services and the differences using three illustrations: A football game. Buying a used car. Filling up a bucket. A more detailed explanation of the differences is also included.
Fraud has tragic effects on innocent people who didn’t commit the fraud. The person who did the deed will pay severe prices far beyond what the judge imposes. Just like a stone thrown into a pond causes ripples all across the water, so a fraud ripples out to cause all sorts of harm. Case study of bookkeeper in a local church and mayor of a small city describe the ripple effects.
A short fable about one church that set up good financial procedures and one that did not. The first suffered from a serious fraud and the second was protected from false accusations. Concludes with quick survey of lessons learned from both churches.