I need to apologize for not blogging for so long.....I have been extremely busy with work and other things. I have been planning my proposal to my girlfriend for almost 2 months now and I finally asked her to marry me this past weekend..... All of my effort paid off but now its time to get back to work.......
This week I want to talk about some very interesting things I found out while working this week..........We have talked about many unethical cases in class and now I have actually been able to witness this unethical behavior firsthand......On my audit this week, I have discovered the owner of a business has been using the store's operating funds as his personal bank account..........He literally has been paying his personal living expenses with the money he makes from store sales. He is even making alimony payments to his ex wives........The funds are setup to automatically come out of the store's bank account each month. So we wouldnt be able to notice the missing funds, he has been booking bogus accounting entries on his financial statements for the last year. The situation has gotten so bad that he now owes us $4 million dollars and the store only has about $700k. When we asked him about the missing money and fraudulent financial statements he simply told us to ask his accountant........The sad part is that this guy is a millionaire 50 times over.....his family is very wealthy and for him money should be no object.......The situatuion is so bad that the store may end up closing and all the employees will be out of a job..........My question is.... did this guy ever think about his employees?? That they may end up losing their means of living behind his actions. Some of them have been there for more than 20 years....what are they supposed to do now???
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