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_________::::___#281 - October 17, 2006________________
FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#281 Updated: 10/16/06 8:24 p.m.

10/16/06  Tax Preparer Gets Decade in Prison
A professional tax preparer has received a prison sentence of 10 years and five
months for her role in a scheme that allowed businesses to claim false business
deductions on their income taxes.

10/16/06 SEC Charges Six with Inflating Revenue
Former employees of Riverstone Networks, which has since been acquired by
Lucent, stand accused of recognizing revenue from sales with undisclosed side
agreements.

10/16/06 Execs Still Waiting for 404 Help
Viewing COSO as inadequate, finance chiefs are still using auditing standard to
guide the way on internal controls, a survey reveals.

10/16/06 Fraud rife amongst NZ businesses
Over half of businesses in New Zealand were the victim of some form of fraud,
acccording to a survey by professional services firm KPMG.

10/16/06 E is for embezzlement: Businesses, nonprofits can take steps to prevent
employee theft
Most employers don't think enough about embezzlement, and that's the problem.

10/16/06 Should Internal Audit Report to the CFO?
Moody's recommends that the chief internal auditor report to the CEO and the
audit committee, not the CFO.