Living proof that yes, “It can happen here”.

You are never too old…

http://www.mlive.com/news/detroit/index.ssf/2009/12/eighth_commandment_fail_71-yea.html

If only this church had:
A longer waiting period before allowing volunteers to engage in church financial activities.  Also, a formal screening and financial background check of all financial volunteers might have been helpful.  And the standard protection; a church’s money should never, never, never be in the complete control of one individual.

Speaking of control…

http://www.fox28.com/Global/story.asp?S=11700926

If only this church had:
Not “given control of church finances” to their bookkeeper.  No one, regardless of talent or perceived integrity should be given complete control of a church’s financial activity.  Financial tasks should be spread among as many people as possible.

Oh the tangled web we weave…

http://hamptonroads.com/2009/12/former-suffolk-attorney-sentenced-embezzling

If only this church had:
Had a formal process for monitoring its bank activity.  One of the more sophisticated methods of stealing from churches is the creation of dummy bank accounts which are used to siphon funds.  Crafty thieves can weave a very tangled web of intrigue by using phony or dormant accounts.  This is another example why a balance sheet is so important.

PSK LLP has provided this article as a resource to help churches prevent fraud.
We can help you with your specific needs by calling us at 817.664-3000 (Toll Free: 800.424.5790)
or email Verne at verne@pskcpa.com