What It's Like To Be... A Forensic Accountant
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Nov 14, 2023 Chris Ekimoff, a forensic accountant who specializes in catching embezzling CFOs and sniffing out corruption, discusses his go-to moves to detect fraud. He shares intriguing cases of financial fraud and embezzlement, emphasizing the significance of tracking spending and providing detailed reports in court. The personal impact and importance of trust in relationships are also explored. From catching criminals like Al Capone to the need for controls and compliance measures, this podcast offers a fascinating insight into the world of forensic accounting.
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CFO Confession After Payroll Discrepancy
- A CFO confessed after the CEO confronted him about a $1.5M payroll overspend that revealed years of theft.
- Chris Ekamoff investigated and traced misclassified travel and payroll transactions to quantify the loss.
Deep, Narrow Investigation Focus
- Forensic accounting digs deep into a narrow area rather than skim many accounts.
- The goal is to verify specific transactions, recipients, and compliance, not perform broad audits.
Travel Expenses Recast As Payroll
- The CFO shifted from coding personal travel to coding extra payroll when pandemic travel halted.
- Chris traced that relabeling to reveal continued theft once travel resumed partially in 2021.