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The Opportunistic CFO

Online Exclusives Bryant Richards, CIA, CRMA, CMA Jun 26, 2019

When a small, growing company hires an internal auditor, it discovers the chief financial officer embezzling profits.

In 2009, LeBarge Inc., an oil rig company, was growing beyond the size of a typical small business. The owner and CEO, Lou Smith, decided to hire an accounting firm, which recommended that he add an internal auditor to the team to ensure his control environment kept up with the expanding needs of the business.

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Bryant Richards, CIA, CRMA, CMA

Nichols College

Bryant Richards is an Associate Professor of Accounting and Finance at Nichols College in Dudley, MA.​