National Financial Accounting and Advisory Services Leader Ethan Brysgel discussed best practices for financial controls with New Haven Biz, for an article about a $40 million embezzlement at Yale School of Medicine.
New Haven Biz
By Liese Klein
“We do see, in certain industries, a lot of people taking a check-the-box approach to internal controls,” Brysgel said. “The one thing that we advise our clients is that it’s very easy for someone familiar with the system to tailor a scheme that they know is going to go undetected because the monitoring of the internal control structure is not being constantly reevaluated.”