Albrecht, WS and Albrecht, CC (2002)

Root out financial deception

Journal of Accountancy 193(4), 30-34

INTRODUCTION: Employees and others who commit fraud have long relied on management’s inability to see what’s going on right under their noses. Why? Because it has been too difficult and expensive to sift through the enormous volume of business transactions taking place each day. Too often the intensive record-screening necessary to detect improprieties slows business processes and consumes funding and staffing. At some point, the “cure” becomes worse than the “disease.” Practitioners’ clients and employers need better antifraud weapons: This article explains several ways CPAs can respond by using technology to detect fraud—and even prevent it from taking place.

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