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Post New Requests Here / Re: System tray notification of remote computer status
« Last post by IainB on April 27, 2016, 05:50 PM »I had a very good friend and business partner whom I trusted implicitly and who was entrusted with sole responsibility for managing the bank (capital loan) accounts and reconciling them - a job I detested and was happy to assign to her, and I ignored SAPs (Standard Accounting Procedures).
I was thus more than a little surprised to discover some years later that said partner had apparently, over the first 20 months of the partnership, quietly misappropriated approx. $60,000 of capital. This had been done by the simple expedient of having all statements and correspondence from the bank sent to her personal address, and filing them in a "secure" filing cabinet offsite. She would occasionally ask me questions about what to do with certain transactions and would even insist that I make certain online transactions, presumably so that it would look as though I was in full knowledge/approval of what was going on. When I asked out of interest to see an account statement, it was always "locked up in the offsite safe for security" or something. So I never saw them.
The lesson I had to learn is one that banks are only too familiar with: That some otherwise seemingly quite good and honest people - whom you could have (say) even entrusted with your life - seem to be susceptible to temptation by easy access to pools of money, and it changes them and they become dishonest.
Since you can never know in advance who will be susceptible, the best approach is not to present them with temptation in the first place - hence the SAPs.
If it's your business, then you - like me - would be an idiot not to implement proper SAPs, knowing this.
It thus made me smile when you wrote:
I was thus more than a little surprised to discover some years later that said partner had apparently, over the first 20 months of the partnership, quietly misappropriated approx. $60,000 of capital. This had been done by the simple expedient of having all statements and correspondence from the bank sent to her personal address, and filing them in a "secure" filing cabinet offsite. She would occasionally ask me questions about what to do with certain transactions and would even insist that I make certain online transactions, presumably so that it would look as though I was in full knowledge/approval of what was going on. When I asked out of interest to see an account statement, it was always "locked up in the offsite safe for security" or something. So I never saw them.
The lesson I had to learn is one that banks are only too familiar with: That some otherwise seemingly quite good and honest people - whom you could have (say) even entrusted with your life - seem to be susceptible to temptation by easy access to pools of money, and it changes them and they become dishonest.
Since you can never know in advance who will be susceptible, the best approach is not to present them with temptation in the first place - hence the SAPs.
If it's your business, then you - like me - would be an idiot not to implement proper SAPs, knowing this.
It thus made me smile when you wrote:
...Ours however is a small family business, and we know each other extremely well; I should have mentioned that the girl that prints the checks is in fact my sister. ...- as though what you wrote actually substantiated anything/something of what you were saying, but it doesn't, you see and it's irrational to think that it does. It is a logical fallacy, a non sequitur ("it does not follow"; or irrelevant conclusion).

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. Would like to have a little icon in the notification tray that turns green when she's gone, red when she's there.


