In the wake of embezzlement charges against a San Francisco Giants employee, it appears the 2010 World Series Champions need better defense in their finance department as well as on the baseball diamond.
A recent case of internal fraud at Citgroup begs the question: Should we be criticizing Citi for not having the internal controls in place to prevent the fraud in the first place -- or applauding Citi for noticing the error and taking action on it?
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Tags: Internal Controls, fraud
NASDAQ recently filed a request with the SEC to change the regulations for listing on a major stock exchange for reverse-mergers - citing concerns over fraud, stock manipulation, and the quality of audits.
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Tags: Internal Controls, audit, fraud
I thought it would be interesting to review the lessons proffered from Sam E. Antar - the former CFO of Crazy Eddie, Inc. His website is whitecollarfraud.com and he has some pointed things to say about internal controls and Sarbanes-Oxley. And he should know, as one of the co-conspirators of an amazingly complex fraud scheme that made his family nearly $100 million in the 1980's - long before Enron, Tyco, and WorldCom.
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Tags: Internal Controls, SOX, 404 audit, fraud
