Louise Tieman shares an internal fraud case study on proformative.com. This is the tale of the kind of fraud disaster that keeps CFOs up at night–and makes CEOs physically ill. This is the kind of fraud disaster that shutters the victim company most of the time. Like most internal frauds it was also completely preventable, though that is a topic for another article. Fortunately, the company was able to recover – painfully, expensively, and over a much longer period of time than anyone would like – and this article will talk about what happened and the action steps necessary for recovery.
Read the full article here.