#fraud #accounting #internalcontrols

The $140K Fraud Nobody Caught for a Year

Name: The $140K Fraud Nobody Caught for a Year
Uploaded: 2026-09-11T23:30:57+00:00
Duration: 2 min 14 s
Description: A manager exploited weak internal controls by creating fake vendor payments just under the $10,000 audit trigger. As Stephen Yoss reveals, greedy actors escalate their schemes once they realize controls aren't working—and recovery is nearly impossible. Learn the real prosecution rates and why detection speed matters in fraud prevention.

2:14 · A clip from Fraud in Today's Workplace: What Accountants Need to Know, taught by Stephen Yoss

A manager exploited weak internal controls by creating fake vendor payments just under the $10,000 audit trigger. As Stephen Yoss reveals, greedy actors escalate their schemes once they realize controls aren't working—and recovery is nearly impossible. Learn the real prosecution rates and why detection speed matters in fraud prevention. From the course “Fraud in Today's Workplace: What Accountants Need to Know” (2 CPE credits, Accounting, Basic): https://www.cpetoday.com/course/fraud-in-todays-workplace-what-accountants-need-to-know-24c00980 Taught by Tommy Stephens — Partner, K2 Enterprises. More from Tommy Stephens: https://www.cpetoday.com/instructor/tommy-stephens CPE Today offers live webinars, Live Replays and self-study for CPAs and accounting professionals. NASBA-sponsored (ID 167619) and an IRS-approved CE provider. https://www.cpetoday.com/ #fraud #accounting #internalcontrols

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