# Lessons from an $8 million fraud

- URL: https://dynamicaccounting.net/lessons-8-million-fraud/
- Date: 2014-08-13
- Topics: Fraud, Audit & Controls
- Type: link to an external article
- Source: http://www.journalofaccountancy.com/Issues/2014/Aug/fraud-20149862.htm#

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](http://www.journalofaccountancy.com/Issues/2014/Aug/fraud-20149862.htm#) 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.