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Reply #5: Anyone who does audits has foundout why there are audits. It's [View All]

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SharonAnn Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-13-06 10:31 PM
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5. Anyone who does audits has foundout why there are audits. It's
Edited on Fri Jan-13-06 10:32 PM by SharonAnn
because there is deliberate fraud and accidental error. Not always easy to tell at first which the problem is, but when a "red flag" is raised during audit procedures then the investigation goes deeper. Usually the cause is identified and hopefully fixed.

I can't tell you how many times I've work on installing new systems in banks where someone was caught committing fraud.

BTW, it's someone on the INSIDE who commits the fraud!. Employee, officer, contractor. Someone who had access to the systems and the person usually tried to cover their tracks so that they wouldn't be discovered.

With all the fraud that gets found, I wonder sometimes how much is out there that doesn't get found.

Anyway, auditing exists because people commit fraud. That's the basic reason and has always been the basic reason. Doesn't matter WHY they commit fraud, reasons vary. The fact is that they do.

Elections have no special exemptions from human nature.
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