Small businesses and trust : a payroll embezzlement case / Tina Rolling.

Format:

Book

Author/Creator:

Rolling, Tina, author.

Series:

SAGE business cases.

SAGE business cases

Language:

English

Subjects (All):

Accounting.

Embezzlement.

Physical Description:

1 online resource.

Place of Publication:

London : Institute of Management Accountants, 2021.

Language Note:

English.

Summary:

The four women all left the courtroom with mixed emotions that day in March 2018. It was a relief the sentencing was over, and the judge gave the maximum sentence, but it was heartbreaking to hear a crying child as her mother was being taken to jail. They all struggled to believe that someone could be so deceitful, but she had been that deceitful, and she never showed any remorse in the courtroom. As they sat down at the restaurant to eat lunch, Julie began the conversation with, "We will never see a cent of that $150,000 she took from us," and they all agreed. "At least the judge sentenced her to the maximum allowed," Kim said with a sigh.The case began nine months earlier when Jackie made a phone call to a professional Certified Management Accountant (CMA) she had known for years. "Tina, would you be able to just take a look? I don't think the company's financial statements are correct. I think the CPA firm has made a mistake." Jackie felt that the net income on the financial statements was too high because the company was always short on cash to pay the bills. "How can they say we have a net income, when we don't have any money?" In fact, she had recently pulled money out of her personal 401k plan to loan to J. Murray & Co, LLC, to keep the company going for her daughters' sake. Jackie would do anything for her daughters, and they would do anything for her.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

1-5296-1901-7

9781529619010

OCLC:

1362532740