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flag Over $532,000 stolen in Pennsylvania town highlights failures in routine audits to detect fraud.

flag A theft of over $532,000 from Gregg Township, Pennsylvania, highlights the limitations of routine audits in detecting fraud. flag The theft went undetected for five years despite annual audits, which are not designed to catch fraud. flag Forensic audits, which can identify fraud and are more effective, are costly and not required. flag Experts suggest separating duties among staff and having elected leaders publicly review expenses to prevent such fraud.

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