To Catch a Thief

Forbes - - LEADER BOARD -

“There seems to be a blind spot in the in­tel­li­gence of ev­ery em­bez­zler, no mat­ter how ex­pert he may be,” ac­coun­tant Ge­orge H. Kings­ley told Forbes. He re­counted sto­ries of ap­pre­hended em­bez­zlers, such as the $30-a-week clerk for an au­to­mo­bile com­pany who had tried to buy a $3,500 road­ster. (That’s akin to earn­ing $490 a week to­day while eye­ing a $57,000 car.) Kings­ley ad­vised busi­nesses to mod­ern­ize their ac­count­ing sys­tems, im­ple­ment sur­prise au­dits—and care­fully ex­am­ine the mo­tives of any em­ploy­ees who seem overly ea­ger to “help” the au­di­tors.

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