Common Accounting Errors And Ways to Address Them

Common Accounting Errors And Ways to Address Them

 
 
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Common Accounting Errors And Ways to Address Them

There’s an old expression that says if you want to find the answers to something, follow the money. A common mistake in businesses is thinking of financial matters as something that happens only in the accounting department. But if you follow the money across all the purchase orders, invoices, and other dealings in your company, you’ll soon see that accounting practices affect everyone, not just the accountants. 

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ProcurementExpress.com: The Origin Story

ProcurementExpress.com: The Origin Story

 
 
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ProcurementExpress.com: The Origin Story

Every hero has an origin story. We think of Spiderman getting bitten by a radioactive spider, Superman discovering he has superpowers, and the X-men congregating around Professor Xavier. And as the saying goes, not all heroes wear capes, so today we discuss the origins of ProcurementExpress.com. 

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Spotting and Stopping Invoice Redirect Fraud

Spotting and Stopping Invoice Redirect Fraud

 
 
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Spotting and Stopping Invoice Redirect Fraud

Between 2013 and 2015 a team operating out of Lithuania stole over 100 million dollars from Facebook and Google. Perhaps the most shocking detail is that they didn’t “steal” this money secretly. They asked for it directly in emails and invoices. By impersonating a company that Facebook and Google were used to working with, this company was directly paid large sums of money straight from these giant tech companies. 

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Encounters with Embezzlement

Encounters with Embezzlement

 
 
00:00 / 00:19:38
 
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Encounters with Embezzlement

Theft and embezzlement are nothing new. As long as there has been wealth there have been people assigned to protect the wealth. The obvious flaw in this system was perhaps best stated by the Roman Poet Juvenal, who asked, “Who watches the watchers?”

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