Financial Foul Play: A True Tale from Greg’s Workplace
In this special episode, Caleb interviews Greg about a tricky situation he encountered early in his career as an accountant.
Sponsors
Tabs - https://ohmyfraud.promo/tabs
Forwardly - https://ohmyfraud.promo/forwardly
Artiffex - https://ohmyfraud.promo/artiffex
Tabs - https://ohmyfraud.promo/tabs
Forwardly - https://ohmyfraud.promo/forwardly
Artiffex - https://ohmyfraud.promo/artiffex
- (00:00) - Welcome to Oh My Fraud
- (00:37) - Listener Reviews and Ethical Dilemmas
- (04:26) - Greg's Career Background
- (05:32) - First Job and QuickBooks Training
- (09:31) - The Client's Business and Management
- (16:06) - Discovering Financial Irregularities
- (18:24) - The Mysterious Loan
- (24:07) - Checks and Balances
- (33:57) - Firm's Response and Ethical Concerns
- (37:44) - The Big Hairy Loan
- (41:04) - Transition to In-House CPA
- (44:07) - Monitoring the Loan
- (47:22) - Revealing the Loan to the Board
- (50:55) - Board's Reaction and Consequences
- (01:03:22) - "John Bolton's" Hardball Tactics
- (01:09:00) - Final Resolution and Aftermath
- (01:15:37) - Lessons Learned and Reflections
HOW TO EARN FREE CPE
In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.
Download the app:
Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app
Questions? Need help? Email support@earmarkcpe.com.
CONNECT WITH THE HOSTS
Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/
Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/
Email us at ohmyfraud@earmarkcpe.com
Creators and Guests
Host
Caleb Newquist
Writer l Content at @GustoHQ | Co-host @ohmyfraud | Founding editor @going_concern | Former @CCDedu prof | @JeffSymphony board member | Trying to pay attention.