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Re: Nikodemos post# 147769

Tuesday, 07/16/2013 9:31:53 PM

Tuesday, July 16, 2013 9:31:53 PM

Post# of 372936
You know Niko, I hear audit, audit, audit. I want to know one thing from those who say they need audits. What good did the audits and the auditing system do for those invested heavily into ENRON and other Frauds? Quote, "In fact, only 3.3% of workplace fraud is detected during an independent audit, according to the Association of Certified Fraud Examiners’ (ACFE) 2012 Report to the Nations. Instead, fraud is often uncovered because of a tip." TIP a disgruntled employee or someone with some backbone said hey looky here something is wrong!

Here is a good read:
http://www.councilofnonprofits.org/nonprofit-audit-guide/myth-audits-uncover-fraud

You either trust them or not. Do then stay, dont then leave, simple. HELLO, Nobody here would be able to catch a fraud if they wanted to, so like Niko said, at this level it is a waste of 150k.

HHSE newbie but long!