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25 Aug 2017

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Internal audit, external audit or no audit?

“Gambling addict Mark Conway diverted Dundee Council money to his own account for seven years after running up online gambling debts and was only left with £7,337. …

He admitted defrauding £1,065,085 between August 2009 and May last year. The money was lost betting on football matches and only £7,337 was recovered.”

http://www.dailymail.co.uk/news/article-4822146/Gambler-siphoned-1m-council-cash-account.htm

SEVEN years!

One thought on “Internal audit, external audit or no audit?”

  1. This must serve to illustrate how weak audit processes now are in local government. How vulnerable is our own council?

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