Not Auditing Is Twice as Effective as Auditing at Catching Fraud
Today, we have an interesting ACFE report that not looking for fraud is more than twice as effective as external audits at detecting internal fraud. From CFO.com: In the recent past, the Association of Certified Fraud Examiners has described where companies should concentrate their monitoring for employee fraud. In finance departments, for example, a majority […]
Crocodile Injured By Falling Circus Accountant in Freak Bus Accident
I was going to bury this in Footnotes but I can't. I JUST CAN'T. You will never read another headline like that again. So, this happened today: A dangerous reptile sustained injuries after being squashed by a portly circus accountant on a roadtrip in northern Russia on Tuesday. The two-meter-long crocodile was peacefully snoozing on […]
Some Guy Accidentally Asked the Accounting Subreddit For Dating Advice, and Then THIS Happened…
…the greatest thing to happen in our little corner of the Internet all day, really. In any other subreddit, this guy would have gotten hammered for the miscategorization. In /r/accounting, the crew rallies together to give the poor guy some advice that only accountants can give. Like this: Try one of these pickup lines: 10."You've […]
KPMG UK Chairman Causes a Panic, Confuses the Meaning of “Looking Cool”
Today in DERP news: Back in September, the fire alarm rang out at KPMG's London office as UK Chairman Simon Collins was "dashing off to a high-end dinner." In a recent email sent to staff, he had to explain that in his rush to leave the building, his briefcase hit the alarm, sending everyone into […]