Friday, April 27, 2018

Fraud Never Suffers from a Hiatus

Former PTA Treasurer Sentenced to 9 Months in Jail for Embezzlement

Washington Post Thursday April 26, 2018

It is important that auditors never become complacent about fraud in the workplace. The former treasurer of a countywide PTA in Maryland's largest school system embezzled more than $39,000 from the group.

How did she do it?  She wrote checks and altered bank statements to hide her crime. She stole money from a school where more than 2/3 of the students qualified for free or reduced priced meals. Shame on her!

Over what time period did the fraud occur? The fraud extended for more than 6 years.

What was her punishment? She had to repay funds to the PTA for their deductible, pay the Insurance company that paid out funds to the school group and more.

Read the complete story here!

Thursday, January 4, 2018

Training Options for Internal Auditors

Auditors have a plethora of options when it comes to training. These options include bringing trainers to your location for on site training, conferences, or sending your auditors to a training class. These options usually include additional costs such as the cost of the trainer, conference registrations, class fees, travel, lodging, meals and incidental costs. Another option is online training or Webinars. Online training may be free or low cost and avoids having your audit staff leave the office as they can participate from their desktop or in a shared setting.

AuditNet®, the global resource for auditors and accountants has teamed with subject matter experts to provide online training solutions. Thousands of auditors have participated in our Webinars and earned free or low cost CPE.  We record all Webinars and provide you with a link to the file so that you can review the learning concepts in a just in time educational format in your time zone (for our international clients). AuditNet® subscribers can earn CPE by viewing recordings on demand through a discounted cRisk Academy subscription.

The 2018 Webinar schedule is now available and registrations are open. Topics included in our 2018 schedule include a 10 Webinar series on Cybersecurity, Ethics for Internal Auditors, audit data analytics, new auditor training and more. Event listings are available at AuditNet®.

For more information contact AuditNet®