LogFAQs > #949098206

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Topic	When your employee fires himself
Compsognathus 01/04/21 3:31:02 PM #171:	krazychao5 posted... many safeguards are the results of people, but there is no way he should have been able to fire off payments without approval. either he has the check stamp, which he shouldn't, or has unilateral ability to make payments from the bank account, which he shouldn't. TC should reevaluate their internal controls so that these transactions that need 2 or 3 people are being done with just 1 person. You have no idea. We are a small company that quadrupled in size this year. Our controls are trying to catch up. But the Director of Finance approves all wires and ACHs. She checks them against the approved payment listing. She ended up looking at the wrong approval listing (the one before the CEO comments) which allowed this to happen. BarbaricAvatar posted... Man, he must've been amazing in his interview. He could make a career out of teaching others how to excel in duping companies to hire useless people. He just has to figure out for himself that's his calling in life. Low-skill accounting positions are tricky. The base-line knowledge is hard to test for since it is so basic even incompetent folks can know it. Likewise judging communication skills and attention to detail is hard in an interview. His references checked out, he had the right experience, and he seemed personable. --- Gheb is my other account <cite>Compsognathus posted [p:949098206] in When your ... [t:79217106]...</cite> <quote>krazychao5 posted... </cite> <quote>many safeguards are the results of people, but there is no way he should have been able to fire off payments without approval. either he has the check stamp, which he shouldn't, or has unilateral ability to make payments from the bank account, which he shouldn't. TC should reevaluate their internal controls so that these transactions that need 2 or 3 people are being done with just 1 person.</quote>You have no idea. We are a small company that quadrupled in size this year. Our controls are trying to catch up. But the Director of Finance approves all wires and ACHs. She checks them against the approved payment listing. She ended up looking at the wrong approval listing (the one before the CEO comments) which allowed this to happen. BarbaricAvatar posted... </cite> <quote>Man, he must've been amazing in his interview. He could make a career out of teaching others how to excel in duping companies to hire useless people. He just has to figure out for himself that's his calling in life.</quote> Low-skill accounting positions are tricky. The base-line knowledge is hard to test for since it is so basic even incompetent folks can know it. Likewise judging communication skills and attention to detail is hard in an interview. His references checked out, he had the right experience, and he seemed personable. --- Gheb is my other account</quote> ... Copied to Clipboard!
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