Investigative Auditing: Finding And Retrieving What Is Yours

By Tom Gardner

When you lose your wallet or have your purse stolen, it is a big deal. Your money, your identity, your security are all gone, and your financial situation goes into Code Red. But you are just one person, with only so much money.

Just imagine that the same is true for a business, except that instead of a thousand dollars missing, it is hundreds of thousands, even millions. All things halt when money goes missing, and the dogs are sent out to trace the loot.

Finding and retrieving what has been stolen from a business is called investigative auditing. It is the forensic side of accounting. It is a skill that only a select few people have, as it requires not only knowledge of accounting but also the ability to perform investigative techniques. Below is an outline of what is involved.

Tracing the Money

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When the money goes missing, the investigative auditors are called in to find the money trail and chase down the stolen funds. This is not only difficult, but very tedious work. It often isn’t as simple as finding which bank the money was put into. Perhaps the money is deposited in many accounts. Or perhaps the money is still in a suitcase. Regardless of where the money is at the time, it can be traced. This is due to the fact that all transactions are registered and accessible – if you know the right people. A investigative auditors job is to find the right people, uncover and follow the connections between each transaction, and map the trail. Then, once the money has been found, the auditors embark to recover the assets.

Bringing It Back

Recovering fully the stolen money is not as easy as finding where the money has gone. Often times an investigative auditor comes onto the scene a little too late. Like a crime scene investigator cannot stop the murder from taking place, but can perhaps find the murderer, so too works investigative auditing. It is understood that transactions have already taken place, as these transactions led to the money itself. The money has already partially been spent. So, full recovery of the funds is almost always impossible. Yet, partial recovery is always an option.

So when an investigative auditor goes on the hunt, they are looking to bring back as much money as they can. Yet, the company has already lost a significant amount and should weigh the cost of recovering the money. In the end, if the money and the thief are found, more money will be spent to seal the deal and quiet down the situation. Finding the money might not be worth all the effort, especially if only a small portion of the money is returned. Coming to the scene late is costly.

Prevention

The best way to use investigative auditing is to prevent large theft from happening by reporting and busting smaller thefts. A typical thief works his way up. He starts off small and then steals more and more, if he is not caught. Stopping him when he has only stolen a small amount could save a company millions. So, the best way to save money and stop financial fraud is through using investigative auditing in small matters, before a situation gets out of hand.

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Two ill after eating burgers laced with multi-purpose cleaner in Bathurst, Australia

Thursday, March 25, 2010

A prank by three young kitchen staff at Hungry Jack’s fast food restaurant in the Central-Western New South Wales city of Bathurst went wrong when two customers required medical treatment after eating burgers they had laced with multi-purpose cleaner.

According to staff at the Emergency Department of Bathurst Hospital, two Hungry Jack’s customers became ill Sunday night after eating burgers contaminated with a chemical believed to be multi-purpose cleaner. One of the patrons was in a serious condition upon arrival at Bathurst Hospital due to being allergic to an ingredient in the cleaning product. “He presented to the emergency department as he was having an allergic reaction after eating a burger from Hungry Jacks, he was in a really bad way when he arrived here and if he had waited much longer it could have been much worse,” said a Greater Western Area Health Service employee. “We called Hungry Jacks and they said that three of their employees had been goofing off and sprayed multi-purpose cleaner inside the burgers so we then treated the patients for poisoning.”

Both customers are expected to make a full recovery. During an investigation undertaken by Wikinews reporter Nathan Carter, it was learned that the chemical sprayed into the burgers was KAY multipurpose cleaner which is reported to cause nausea, diarrhoea and mucosal and gastric irritation. The Material Safety Data Sheet for KAY multipurpose cleaner lists Antonic Surfactants as its hazardous ingredient.

In New South Wales, it is a criminal offence to make food intended for sale unsafe punishable by 2 years imprisonment. Due to restrictions on the publication of the name of young people involved in crimes in New South Wales, the names of kitchen staff can not be published. Wikinews was told by Hungry Jack’s staff that the staff involved in the incident remained employed by Hungry Jack’s. Josh, a Hungry Jack’s manager at the Bathurst restaurant, told Wikinews that his boss Adam was aware of the food contamination issue and would be taking steps to address it.

Ontario Votes 2007: Interview with Progessive Conservative candidate Tyler Currie, Trinity-Spadina

Monday, October 1, 2007

Tyler Currie is running as an Progressive Conservative candidate in the Ontario provincial election, in the riding of Trinity-Spadina. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Japanese earthquake death toll surpasses ten thousand

Friday, March 25, 2011

The death toll from the Sendai earthquake has now increased to over ten thousand. In Japan, the National Police Agency has stated that 10,019 are now known to have been killed as a result of the disaster.

The Agency also reported that 2,775 had been injured and the location of 17,541 individuals was unknown. Meanwhile, 1,900 evacuation sites are now thought to be occupied by approximately a quarter of a million people.

When the event happened two weeks ago, 18,000 thousand households were destroyed and 130,000 were damaged by the earthquake and the subsequent tsunami. In spite of this, twelve of the fifteen north-eastern ports of Japan have recommenced operating, while the majority of the oil terminals of the country remained open, according to Inchcape Shipping Services.

Amongst the aftermath of the earthquake, plant number 3 at the Fukushima I Nuclear Power Plant is suspected to have been damaged and may be releasing radiation. The Japanese government have reported that an ongoing investigation is occurring to attempt to discover the cause of the radiation leak at the power plant. Chinese authorities have reported two Japanese tourists were found to have levels of radiation “seriously exceeding limits” on their clothing and luggage. In Tokyo, the amount of radiation in the supply of water has decreased, however it remains high in various parts of the north of Japan.

According to BBC News Online, two workers were hospitalised because of the leak. The Tokyo Electric Power Company (TEPCO), who operate the building, reported that three employees placing electrical cables at the location were given treatment for being exposed to radioactive water; they had experienced ten thousand times the regular amount of radioactivity. Of those three men, beta rays caused two of them to receive burns. The two individuals did not stop working despite meters advising of unsafe radiation levels. It was later discovered that they were wearing inadequate protective footwear and failed to draw their attention to a radiation alert. TEPCO has since received government orders to improve worker management.

The radiation emitted from the plant has had a significant effect on the Japanese food industry. In the surrounding areas of the plant, shipments of foodstuffs have been prohibited. In Fukushima prefecture, residents have been advised not to consume eleven leafy green vegetable types produced locally due to radiation concerns. There has also been a significant decrease in customer demand at a fish market in Tsukiji.

Japanese product importers have discovered some foodstuffs to have a small radiation amount, which is not thought to be potentially deadly. Numerous Asian countries, the European Union, Australia, Russia and the United States have prohibited milk items, seafood and vegetables from being imported from various Japanese prefectures.

Closing the power plant down may take at least one month to achieve. Speaking to AFP, an individual talking on behalf of TEPCO stated that the company is “still in the process of assessing the damage at the plant, so that we can’t put a deadline on when the cooling operations will work again”. Residents living within thirty kilometres of the plant have been advised to avoid going outdoors to attempt to prevent radiation exposure as far as possible.

The Advantages Of Choosing An Independent Auto Repair Shop

byAlma Abell

If you’re like most individuals, you will probably choose an auto repair Brighton Park professional to work on your car when it’s having trouble. This type of professional can take care of maintenance, minor repairs and give you better communication and service than choosing a dealership.

You Can Enjoy Bigger Savings

[youtube]http://www.youtube.com/watch?v=37LAPz7pnQI[/youtube]

Typically, you’ll enjoy bigger savings to fix your car if you choose an auto repair professional in Brighton Park for the job. When you compare the services of this type of auto repair, they are usually lower than the services offered by a dealership. Typically, this type of shop will have a lower overhead cost. Fortunately, they pass this benefit on to you.

Taking Care Of Minor Repairs With Ease

An auto repair Brighton Park shop has the ability to take care of minor problems that you may need to be fixed on your car. If they sell tires, that can be an added bonus as you won’t have to travel to another business to take care of your automobile.

Receive Better Service

There is stiff competition in the auto repair industry. You will often get better service by choosing a repair shop that is not tied to a dealership. These type of shops will want to make a good impression on you. Often, they’re willing to do all that they can to make sure that you are happy with their service.

Convenience

In most cases, you’ll only have a single dealership near you. If you have a repair that needs to be fixed as soon as possible, you may not be able to get into a dealership in a timely manner. By choosing an independent shop, it’s highly likely that you can get your vehicle repaired fast. Typically, you’ll find this type of business close to you so that you can take advantage of their services.

If you need to have your automobile looked at, contact VIP Tire to speak with a professional.

Blown for Good author discusses life inside international headquarters of Scientology

Friday, November 13, 2009

Wikinews interviewed author Marc Headley about his new book Blown for Good, and asked him about life inside the international headquarters of Scientology known as “Gold Base“, located in Gilman Hot Springs near Hemet, California. Headley joined the organization at age seven when his mother became a member, and worked at Scientology’s international management headquarters for several years before leaving in 2005.

Colleges offering admission to displaced New Orleans graduate students

See the discussion page for instructions on adding schools to this list.Tuesday, September 13, 2005

NAICU has created a list of colleges and universities accepting and/or offering assistance to displace faculty members. [1]Wednesday, September 7, 2005

This list is taken from Colleges offering admission to displaced New Orleans students, and is intended to make searching easier for faculty, graduate, and professional students.

In addition to the list below, the Association of American Law Schools has compiled a list of law schools offering assistance to displaced students. [2] As conditions vary by college, interested parties should contact the Office of Admissions at the school in question for specific requirements and up-to-date details.

The Association of American Medical Colleges is coordinating alternatives for medical students and residents displaced by Hurricane Katrina. [3]

ResCross.net is acting as a central interactive hub for establishing research support in times of emergency. With so many scientists affected by Hurricane Katrina, ResCross is currently focused on providing information to identify sources of emergency support as quickly as possible. [4]

With so many scientists affected by Hurricane Katrina, ResCross is currently focused on providing information to identify sources of emergency support as quickly as possible.

Physics undergraduates, grad students, faculty and high school teachers can be matched up with housing and jobs at universities, schools and industry. [5] From the American Association of Physics Teachers, the Society of Physics Students, the American Institute of Physics and the American Physical Society.

If you are seeking or providing assistance, please use this site to find information on research support, available lab space/supplies, resources, guidelines and most importantly to communicate with fellow researchers.

The following is a partial list, sorted by location.

Alabama |Alaska |Arizona |Arkansas |California |Colorado |Connecticut |Delaware |District of Columbia |Florida |Georgia |Hawaii |Idaho |Illinois |Indiana |Iowa |Kansas |Kentucky |Louisiana |Maine |Maryland |Massachusetts |Michigan |Minnesota |Mississippi |Missouri |Montana |Nebraska |Nevada |New Hampshire |New Jersey |New Mexico |New York |North Carolina |North Dakota |Ohio |Oklahoma |Oregon |Pennsylvania |Rhode Island |South Carolina |South Dakota |Tennessee |Texas |Utah |Vermont |Virginia |Washington |West Virginia |Wisconsin |Wyoming |Canada

Sprint Nextel customer service rep. harasses client; Sprint cancels his account

Sunday, July 22, 2007

Virginia – Joshua Brady, a former Sprint Nextel customer, has had his cellular phone account shut off, but not because he wasn’t paying the phone bill, or even because he was late on payments, but because a customer service representative who assisted him, began to call him outside of her job, and make death threats to him in September of 2006. She was never fired for her actions, Brady says.

Brady has agreed to be interviewed by Wikinews to tell his story. All information and claims have been logged with Brady’s attorney and federal authorities.

The representative from Sprint Nextel, who for safety reasons is only being identified as Jessica, was working at the company’s call center in Ontario, Canada where Brady’s call to customer service was directed. According to Brady, Jessica then began to call him outside of her job duties at the call center after their first contact.

Brady called the center around 6:00 p.m. (eastern time) on a Saturday and attempted to receive help on a billing question and to find a way to stop prank calls. Brady requested a “soc code”, a code placed into the phone, that would allow for the number that was pranking him to be blocked. Unfortunately, Jessica did not know what that was, but tried unsuccessfully to find it. According to Brady, the only thing she could find was “the ANI feature call centers have.”

Brady then described to Jessica the billing issue he was having. He was being charged “for text messages I was not making”, even though he had unlimited text messaging with his billing plan. Meanwhile, Jessica called for a supervisor to help locate the code. As this customer service request over the phone was taking quite a bit of time, the two of them then started to discuss what two people would normally discuss if just chatting; sports, the weather, movies and music and if Virginia was a nice place to go on vacation. The supervisor then came by Jessica’s station with no luck on finding a code.

Later that night, around 10:30 p.m., Brady received a call. He answered it and much to his surprise, it was Jessica. He answered the phone with the usual “hello” and the voice on the other end answered with “hello Josh.” Brady was “surprised” that she had not said “hello Mr. Brady.”

“I then asked who it was, and she said Jessica. She told me about her day, and hoped that I did not mind her calling.” Then according to Brady, she started to describe how much she hated working in a call center, and how the job “pays the bills”, and asked if she could “come visit me sometime”. Brady said that he “immediately started to record” the call. Brady also stated that Jessica was not aware she was being recorded, and that further conversations were recorded without her knowing.

The call lasted about 15 minutes, but Brady said she “spoke so fast and moved along through things” that he “didn’t have a chance to talk if I wanted to. It [the call] ended with me interrupting her and telling her I had to go to dinner with a friend.”

Brady immediately called customer care back and reported Jessica’s actions to a supervisor (Jason), and the Floor Manager (Also named Jessica) at the Coos Bay call center, which is where his call happened to be directed. The advice he received was to “play along” and continue to report her actions until they could locate someone “better equipped” to handle the situation.

Jessica then began to call “about every other day or so” which turned out to be almost 30 calls, according to Brady who reported each call she made to Sprint Nextel.

Sprint Nextel then told Jessica to cease and desist all contact with Brady, but that didn’t stop Jessica from contacting him. She somehow found out the screen-name of his AOL Instant Messenger account, and left messages threatening to kill him. Brady logged the messages and faxed them to Sprint, who about a week later sent Brady a letter, saying that his accounts have been terminated.

“The purpose of this letter is to inform our that our office has received a complaint regarding your recent questionable interactions with our customer care group. Recent interactions with our company have prompted us to formally contact you. Sprint Nextel terms and conditions state that “termination of services. consistent with this agreement…”, said the letter from Sprint Nextel.

Brady states that Jessica is still employed with Sprint Nextel, despite the fact that all instant messages left by Jessica were forwarded to Sprint Nextel.

As recently as July 10, 2007, as many as 1,000 accounts were terminated by Sprint Nextel because customers were complaining too much and asking too many questions about billing.

“While we have worked to resolve your issues and questions to the best of our ability, the number of inquiries you have made to us during this time had led us to determine that we are unable to meet your current wireless needs,” said one letter to a sprint customer as recent as June 29, 2007. The letter states that the service will be terminated just one day after the letter was written despite saying they “understand switching to a new carrier causes an inconvenience.”

Two weeks ago, Sprint addressed the media about the mass-cancellations. “These accounts have been researched very carefully,” Sprint spokeswoman Roni Singleton said. “We feel strongly that the decisions we made, we stand by them. These decisions weren’t made lightly.”

“If the average person is calling less than once per month and these people are calling 40 or 50 times more, that takes away from customer service,” Singleton said. “Our priority is to improve the customer experience.”

Wikinews sent e-mails to Sprint Nextel on July 20 regarding the Brady incident; to date no response has been received.

Update: On July 23, 2007, Wikinews received an email response from a Sprint representative, going to some length to explain the termination of the customers who were calling up to hundreds of times a month. No information was given on the Brady case covered in this article; “customer privacy considerations” were cited as the reason and “no comment” was Sprint’s reply.

After killing wife and children, police officer commits suicide in Noyon, France

Wednesday, September 13, 2017

A police officer has shot and killed his wife and two of their children at the train station in the French city of Noyon in the department of Oise, the local prosecutor said, after the wife had informed the officer of her intention to separate from him. Their sons were aged three and five; a third child, twin to the five year old victim, survived the attack and is in the care of child services. The killings took place around 11:30 local time (0930 UTC) on Sunday.

The wife, born in 1983, called the gendarmes (police) in the morning, and they arrived to find her explaining to their five children about the domestic argument which had escalated. The husband returned while the police were present, and they reported he seemed calm and did not interfere with the children being moved to a neighbor’s home, so they departed. The woman reportedly chose to leave her house when her husband was not there, and headed to the station, where the husband awaited them armed.

After assassinating his family, the police officer committed suicide. The wife’s family lived in Guiscard, near Noyon. The station at Noyon was closed after the incident. Late on Sunday, the police were searching for a witness who escaped after observing the events.

Sun releases T1 source code

Saturday, April 1, 2006

On March 21, 2006, Sun Microsystems released the source code for its newest processor, the UltraSPARC T1. The UltraSPARC T1 is available with four, six or eight cores, each able to work on four threads at a time. The concept is similar to that of the Intel Pentium EE which uses two cores with two threads.

A multicore processor is like having many CPUs on the one chip. Multiple threads allow each core to work on a number of tasks concurrently on a single core. This is particularly useful in a server environment where the UltraSPAC T1 was designed to be used.

Sun call the open source version of their processor the OpenSPARC T1 and have made the source code (in Verilog format) and specifications available on the OpenSPARC T1 website under the General Public License, the same license under which most distributions of Linux are released.

Industry observers say that the move is triggered by the SPARC architecture’s shrinking market share to the likes of IBM’s POWER architecture and x86 based chips from Intel and AMD.

Open Source Hardware has been gaining momentum since 2002, when Kofi Annan issued a challenge to technology companies. Despite Sun’s OpenSPARC T1 not being the first open source processor in the world, it is the first time that the design for a proprietary design processor has been released to the open source community.