CPA Steve Sorensen: Embezzlement and Why Checks and Balances Are Needed

Investigative, litigation support, and security consulting firm Marquet International Ltd, 2012 saw the biggest corporate and municipal embezzlement cases in US history. According to its report on embezzlement, companies suffered an average loss of $1.4 million. Common embezzlement schemes have been studied by CPA Steve Sorensen. Embezzlement, contrary to popular belief, doesn’t just mean stealing …

CPA Steve Sorensen: Embezzlement Prevention Tips

According to the 2016 Embezzlement Study conducted by international specialist insurer Hiscox, small business owners who have less than 150 employees were found to be ten times more likely to be victimized by fraud, which includes embezzlement. Thus, business owners are cautioned by CPA Steve Sorensen. Embezzlement can, in fact, leave entire businesses vulnerable—from Fortune …