Tag
Internal control
2articles
November 2026
2 articles on this page
Ethics & corporate governance10 min read$151m of costs hidden at Macy's: one person, bypassed controls
For finance leads and SME owners who feel safe because the accounts team reconciles balances every month. Macy's told the SEC that one employee hid about $151m of delivery expenses over 12 quarters; this post reads the filings and builds a checklist for a small firm.
Ethics & corporate governance8 min readThe £1.1 million fraud: where internal control broke
For a finance manager or SME owner who believes a written procedure is enough. Audit Scotland reports that an Aberdeen City Council employee moved 655 council tax refunds into his own account over 17 years: controls existed, but were not followed and lacked scrutiny.