September 25, 2021

When accounting goes unaccounted for

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Friday Footnotes: PwC Has an Evergrande Problem; Too Hard to Be a CPA; Big 4 Rot | 9.24.21 Compensation Watch ’21: Deloitte Puts Mid-Year Raises On the Table Opinion: It’s the AICPA’s Own Fault No One Wants to Be a CPA Anymore Don’t Worry About Deloitte Partners In the UK, They’re Doing Just Fine Compensation Watch ’21: Did EY Redeem Itself In the Eyes of Their Employees? (UPDATE)
Fraud

“Just Ask the Guy” Not Always a Futile Fraud Detection Method

by Caleb Newquist
Boonlomp Soonthornchai handled trustee, executor and accounting services as a partner at Yount, Hyde and Barbour in Middleburg, Virginia.
 
In 2004, he began depositing client funds into his personal accounts, concealing the "the source of the money in his personal ledger." He then admitted to the embezzlement, "[w]hen confronted by firm board members and attorneys."
 
Boonlomp Soonthornchai, you are no Frank DiPascali. 
 
[LT]

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