Top 10 Finance & Accounting Fraud Stories of 2014

As the following stories amply reveal, AR and credit managers are regularly exposed to a wide range of finance and accounting fraud. These schemes can range from the creation of false invoices or phony checks to falsifying company books and records. Many of the schemes continue undetected for years, wreaking enormous financial damage on companies, creditors, and employees. Understanding how such frauds are carried out is critical in order to spot the wrongdoing of superiors or colleagues and…