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Over $532,000 stolen in Pennsylvania town highlights failures in routine audits to detect fraud.
A theft of over $532,000 from Gregg Township, Pennsylvania, highlights the limitations of routine audits in detecting fraud.
The theft went undetected for five years despite annual audits, which are not designed to catch fraud.
Forensic audits, which can identify fraud and are more effective, are costly and not required.
Experts suggest separating duties among staff and having elected leaders publicly review expenses to prevent such fraud.
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Más de $532.000 robados en la ciudad de Pennsylvania destaca fracasos en las auditorías rutinarias para detectar fraude.