Caution: Fraud Overhead - The transition from a family-owned, micro company to a mid-sized company can be perilous as illustrated by this case of a controller who buried thefts of thousands of dollars in an overhead account. The moral: Owners-CEOs must ensure that internal controls are sufficient to detect theft when a company's growth exceeds the founder's original "walk-around" span of control.
| Year of publication: |
2004
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| Authors: | MacArthur, John B. ; Waldrup, Bobby E. ; Fane, Gary R. |
| Published in: |
Strategic finance : leadership strategies in accountants and financial professionals. - Montvale, NJ : Institute of Management Accountants, ISSN 0025-1690, ZDB-ID 14706659. - Vol. 86.2004, 4, p. 28-32
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