Posts Tagged: Institute of Internal Auditors (IIA)

Risk Factors: Colleges Look to Manage Threats Ranging From Fraud to Data Breaches

Recently, a former administrator at a Boston law school admitted that he used a school computer to embezzle more than $173,000. As the former controller, he accessed the school’s accounting system, creating false checks, which he deposited into his personal bank account. As part of his scheme, the former controller used the signature stamps of other employees to sign the checks without their...