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Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 253 / 352

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© D.L. Crumbley

Technology Commits Fraud

“Technology was used to commit fraud in selling pools of credit card debt. A cooked formula was embedded in software by the seller of the debt to analyze the quality of debt for the purchaser, so no matter what debt came out, it had a good collection ratio, and the purchaser was willing to pay more. Only by analyzing the software coding was the fraud discovered,”

Cal Klausner, Bethesda Md.

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The trend toward paperless systems hinders a CPA’s ability to find fraud. For example, many banks are no longer sending out checks

Roberts J. DiPasquale

H.W. Wolosky, “Forensic Accounting to the Forefront, “ Practical Accountant, February 2004, pp. 23-28

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