Municipal Fraud Prevention Part 3 of 3 - Have checks and balances, and routinely ask yourself if loopholes exist - Cheap comes out expensive, hire external auditors, forensic accountants, and certified fraud examiners - Turnover in your finance department isn’t always a bad thing- in some cases, an extensive level of familiarity breeds corruption - [...]
Municipal Fraud Prevention- West Linn Part 2 of 3 The current West Linn Finance Department (after the 1.42 million dollar scandal), much like a Phoenix rising from the ashes, crafted a new mission statement. The forward moving department proclaims proudly “being good stewards of taxpayers’ monies is the Finance Department’s main focus, but that alone [...]
Municipal Fraud- West Linn Part 1 of 3 Municipal fraud is all around us explains Richard Seals CFE, CPA, CMA in his recent article: From First to Worst in Fraud-Magazine. http://www.fraud-magazine.com/article.aspx?id=4294977156 West Linn, Oregon’s former city finance director, Elma Magkamit, was a compulsive gambler. She also lied about being both a college graduate and a [...]
