Local Accountant Embezzled more than 1 million
 

Law accountant is charged with embezzling more than $1 million

http://www.theprovince.com/news/cms/...?size=620x400s

No one likes to talk about it, but local corruption happens. Only she was unlucky and got caught..

The company my dad does some subcontractor work from time to time had somewhere between 2-2.5 million taken from them over a span of 20 something years. The new accountant they had hired had discovered the discrepancies but by then the former accountant had left the country already.
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that's what accountants are capable of doing unfortunately and why Internal Controls are so important

but you would think she wouldn't be stealing such small amounts... accountants have the potential to earn so much more and now she's ruined her future potential


and she was a CA jesus what a dumbass

This is why I don't understand accountants that steal. Eventually you're going to get caught (during an audit, for example). If you're planning to leave the country, then maybe, but not if you're going to remain in your community. Let alone use the funds to build your dream house, which is probably going to get sold to recover the funds.

there are always a few bad apples in the bunch. no different from the cop that punched that cyclist.

She was hoping to put aside enough for a down payment on a home in the GVRD. I can respect that.


Also, she has nothing on Rita Crundwell

she's likely making over $150,000 a year having been designated for over 18yrs (ave is 94k after 5yrs 120k after 9yrs) im sure she has more than enough set aside for a down payment simply from her income

Jokes on the company. No audits? Fail.

On a side note, I chuckle when small, family/friend companies toss out the notion of internal controls. "My friend would never steal; my brother/sister would never run off with the farm."

Yeah.........well, hope it works out for ya bud. You never know, but covering your ass is always a good idea.

im assuming she wasn't audited because she didn't work for them and was just contracted to do the audists.