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Oof, if a $900,000 invoice doesn't trigger review from their accounting dept, kind of their fault for not having a process of the common sense to question that
by downrightmike 5y ago
Oof, if a $900,000 invoice doesn't trigger review from their accounting dept, kind of their fault for not having a process of the common sense to question that bill.
- formerkrogemp 5y agoI hate to say it but a lot of "accounting depts" these days are someone with no formal training who just took on the role as another hat on top of other hats as the more experienced folks retired or moved on to greener pastures. There's a shortage of accounting folks in general as well.
- MrLeap 5y agoAmusing anecdote. My girlfriend has an accounting degree in the Ozarks and has had trouble getting work related to it.
- formerkrogemp 5y agoThere are many job postings for folks with 3+ years of experience. Very little is being offered for people who don't want to work in Big 4 or haven't completed a few internships. Most traditional entry level work is being or has been automated. Accounts receivable and payable are being rolled up along with payroll into the job duties of outsourced accounting and the like.
- deleted 5y ago[deleted]
- CPLX 5y agoGoing to go out on a limb and guess it wasn’t one invoice.
- tyingq 5y agoGoogle and Facebook got bilked out of $100M, and you would guess they had lots of processes and technology in place. https://www.npr.org/2019/03/25/706715377/man-pleads-guilty-to-phishing-scheme-that-fleeced-facebook-google-of-100-million https://www.npr.org/2019/03/25/706715377/man-pleads-guilty-t...
- formerkrogemp 5y agoOh they have more technology than thinking people in many non-technical departments. Automate the decision process and forget the edge cases seems to be the modus operandi.
- PolygonSheep 5y agoThe article just says it was a "cyber fraud incident" which is pretty vague. It may not have been a bill at all.