DynamicAccounting.netYou, Me, and Dynamics GP

2014-08-13 · 2014

Lessons from an $8 million fraud

Fraud, Audit & Controls

Archived post from 2014. Dynamics GP and the links it points to have changed since; check current documentation before relying on version-specific steps.

If you’ve never seen a fraud, if you don’t understand how improperly elevated permissions on an ERP system can hurt, or if you don’t really get the importance of  internal controls, please read Lessons from an $8 million fraud from Journal of Accountancy. It’s a great read. The story moves right along. The protagonist is clever. He almost gets caught early. Eight million dollars later, it’s all over.

 

Original article: http://www.journalofaccountancy.com/Issues/2014/Aug/fraud-20149862.htm#