December 12, 2018

Obvious Sign of Fraud: You’re Having Sex with the Client

distraction.jpgIn case you young auditors thought you needed to have highly acute senses to detect fraud at your clients, you’re dead wrong.
Best thing you can do is immediately become skeptical if you find yourself trying to figure out the best posish for the client’s office supply room:
More, after the jump

“These auditors from the Big Four accounting firms are usually single kids just a few years out of school. What do kids in their 20s think about all the time? Sex,” said [Sam] Antar, who was at the center of a multi-million dollar fraud 20 years ago.
So Antar would pair “cute hot female” employees with male auditors as part of his distraction strategy. “In effect, I was a fraudster, matchmaker and pimp,” said Antar, who avoided jail time by working with the U.S. government, and now advises government agencies and businesses on avoiding accounting fraud.

As we’ve covered, the opportunities for accountants to get some action can be few and far between so this strategy makes perfect sense.
This will put many of you in a very difficult situation. We really wish the best for all you of in the getting laid department especially when it involves someone that would ordinarily be way out of your league.
But you may have to decide: Do you uncover the next diabolical Ponzi scheme or do you totally cave to the irresistible charms of the guy that looks way too much like Chace Crawford?
Who would it take for you to overlook a few million in misappropriated funds? Discuss in the comments.
Financial fraud — accounting for criminals [CNN]

distraction.jpgIn case you young auditors thought you needed to have highly acute senses to detect fraud at your clients, you’re dead wrong.
Best thing you can do is immediately become skeptical if you find yourself trying to figure out the best posish for the client’s office supply room:
More, after the jump

“These auditors from the Big Four accounting firms are usually single kids just a few years out of school. What do kids in their 20s think about all the time? Sex,” said [Sam] Antar, who was at the center of a multi-million dollar fraud 20 years ago.
So Antar would pair “cute hot female” employees with male auditors as part of his distraction strategy. “In effect, I was a fraudster, matchmaker and pimp,” said Antar, who avoided jail time by working with the U.S. government, and now advises government agencies and businesses on avoiding accounting fraud.

As we’ve covered, the opportunities for accountants to get some action can be few and far between so this strategy makes perfect sense.
This will put many of you in a very difficult situation. We really wish the best for all you of in the getting laid department especially when it involves someone that would ordinarily be way out of your league.
But you may have to decide: Do you uncover the next diabolical Ponzi scheme or do you totally cave to the irresistible charms of the guy that looks way too much like Chace Crawford?
Who would it take for you to overlook a few million in misappropriated funds? Discuss in the comments.
Financial fraud — accounting for criminals [CNN]

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Grant Thornton and the Antichrist

al pacino_devil.jpgIt’s rather mysterious that the New York office of Grant Thornton is located at 666 Third Ave. As I’m sure our more pious readers know, the significance of the 666 is commonly known as “The Number of the Beast“. We won’t get into any more specifics than that other than to mention that it is a pretty creepy-ass looking number.
Is G to the T run by a secret group of Al Pacino-esque figures that are working against the forces of good?
Maybe not but the otherwise boring-assness of that particular lobby is def working too hard to not be noticed…