Archive for the ‘bank’ Category
$850M is a BIG diversion
Look at this WSJ.com article about $850 million being “diverted” by a family running a Tajikistan bank.
This makes the case for continuous auditing by pointing out how bad things can get in the other extreme of only auditing once a decade. Independent oversight is so important. After all Barney Fife had it right when he said, “Nip it in the bud.”
