Fraud Podcast: The Out of Control Controller

All Things Internal Audit: Fraud Podcast
"The Out of Control Controller"

Listen to The IIA’s new Fraud Podcast brought to you by All Things Internal Audit. This series provides fictionalized accounts of real-world frauds featured in Internal Auditor magazine’s Fraud department.

In this episode, Bruce Kraus investigates a shocking embezzlement case at Allied Engineering involving longtime controller Jane Simmons. With lax oversight and too much unchecked authority, Simmons executes 11 different schemes over five years. From gift card grifts, to a ghost payroll, and a company car gone rogue, this case shows how even trusted employees can exploit internal control gaps.

IIA members can access the full article here.

Interested in more fraud-related topics? Earn CPEs by registering for The IIA's Fraud Analytics for Internal Auditors Certificate, online and in-person.

Chapters:

• Part 1: A Swipe Too Far (00:00:23)
• Part 2: A Wiped Drive and a Widening Scope (00:01:54)
• Part 3: A Pattern of Deception (00:03:14)
• Part 4: Aftermath and Lessons (00:05:49)

Resources Mentioned:

• Association of Certified Fraud Examiners (ACFE)
  
• Internal Auditor magazine (June Issue)

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