Taking advantage.

Author:Rizvi, Owais
Position:Reader Feedback - Letter to the editor
 
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I'm thankful to James Carroll for "Biting the Hand That Feeds You" ("Fraud Findings," June 2014) for reminding auditors of the importance of proper invoice review and vendor monitoring. What's important is that auditors, in normal audit practice, may only review a vendor invoice to ensure the total foots, check for the appropriate signatures, and see if it's coded to the correct account. In today's economic environment, vendors may be more likely to falsify invoices to generate more revenue, especially...

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