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.
Office theft cases illustrate importance of oversight
All told, his assistant of about 18 months had stolen approximately $20,000. It took Olson’s newly-retired wife about 90 days, working all day long, to piece together their losses. The now-former assistant had covered her tracks very well.
Link to Story
Embezzlers epidemic in north state
Like more than 30 other north state employers who recently caught an embezzling suspect, Salvation Army Maj. Wayne Wetter couldn’t believe one of his most trusted employees had stolen from the nonprofit organization where she’d worked for so long.
Link to Story.
