Page 34 - The Edge - Summer 2020

Red Flags Should Alert School Officials of Fraud or its Possibility

CONTINUED FROM PAGE 32
to give everybody a credit card – only as needed.” publicity and embarrassment, plus extra work to document
the fraud, meetings with investigators and possibly
Credit card questions to consider: Why do they have testifying against the former employee.
them? Does one person hold multiple cards? Who reviews
the statements? Are receipts required? What are the credit “It all takes up a lot of time,” Evans said.
limits? Employee
I’M GONNA GIVE IT
Short- T erm
Assistance
Evans identified key takeaways from his presentation

Rx
Disability
Basic /
Medical,
Voluntary
Evans shared some examples of school district fraud. In including: Shrink the opportunity for fraud. Don’t put too
TO YOU STRAIGHT:
Identity
Dental &
Life &
one small district, a business manager embezzled $350,000 much trust in one person, which can lead to controls not
The f t
Vision
AD&D

over five years, averaging about $70,000 a year. The fraud being followed; if you fail to make time for the boring
Protection
Pet
Pre-Paid
involved lots of credit card use, forged checks, a bogus pay activity of accounting, that can result in a lack of oversight,
YOU WON’T FIND
Insurance
Legal
raise and an expensive remodel of the business manager’s and that opens to door to fraud because you are perceived
WE’VE GOT
home. as being vulnerable.
YOU COVERED.
HEALTHCARE
“Essentially there were no controls, which allowed fraud “Protection controls and procedures only work when they
602.845.6158
to continue for years,” Evans said. “There was little-to-no are followed,” Evans said. “Don’t make exceptions for
BENEFITS BETTER
oversight of financial issues by management. There were close friends or trusted employees. Remember, procedures

too many unmonitored credit cards. They relied on the and controls protect everyone.”
I’M GONNA GIVE IT
annual audit, which never caught the fraud. It was found by
a bank reporting an unusual check.” THAN THIS.
Scott Evans can be reached at: offi ce (602) 396-7434,
TO YOU STRAIGHT: EMPLOYEE
In addition to the lost money, there is the issue of negative cell (480) 242-2538 or SEvans@SimonConsulting.net
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I’M GONNA GIVE IT
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Employee
BENEFITS BETTER TRAIGHT : pricing make for a refreshingly
Assistance
Rx
Disability
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Basic /
Medical,
Voluntary
TO YOU STRAIGHT:
T
O Y
OU S
Identity
Dental &
I’M GONNA GIVE IT
Life &
The f t
Vision
AD&D
Protec tion
WE’VE GOT THAN THIS. Y OU W ON’T FIND
Pet
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Legal
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Disability
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eamlined plans, helpful servic
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eal people
om r
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eshingly
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THAN THIS. diff er ent e xperienc e .
WE’VE GOT YOU COVERED | KAIROSHEALTHAZ.ORG
EMPLOYEE KAIROSHEALTHAZ.ORG | 602.845.6158
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34 THE EDGE SUMMER 2020
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888.331.
Tara 888.331.0222
Your Benefits GIVE US A RING.
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888.331.0222
from real people, and transparent
WE’VE GOT YOU COVERED | KAIROSHEALTHAZ.ORG
WE’VE GO T Y OU C O VERED | KAIRO SHEAL THAZ. ORG
pricing make for a refreshingly
KAIROSHEALTHAZ.ORG | 602.845.6158 different experience.
WE’VE GOT YOU COVERED | KAIROSHEALTHAZ.ORG
WANT TO KNOW MORE?
KAIROSHEALTHAZ.ORG | 602.845.6158
GIVE US A RING.
888.331.0222
WE’VE GOT YOU COVERED | KAIROSHEALTHAZ.ORG