vendor payments | Wiley Accounting Updates

The Infamous Appalachian Trail

Posted 4:24 pm by LuAnn Bean & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, Managerial Accounting.

James T. Hammes, controller for a family-owned bottling company in Cincinnati, disappeared from his home in Lexington, Kentucky, in February 2009, after he was questioned about accounting irregularities that indicated an $8.7 million embezzlement had taken place. Questions: 1. Over what period had the embezzlement taken place? 2. Although Hammes denied involvement, what was the… Read more »

Does Embezzlement Pay?

Posted 6:17 pm by LuAnn Bean & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Fraud Accounting, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting, Uncategorized.

Bradley Whitsell, chief accountant of SDN Communications in Sioux Falls, SD, pleaded guilty to mail fraud on Monday, August 22. According to the U.S. Attorney’s office 46-year-old Whitsell used his various oversight positions to embezzle more than $392,000 over a 10 year period beginning in 2000. Whitsell could end up in prison for up to… Read more »

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The Infamous Appalachian Trail

Does Embezzlement Pay?

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