In this episode, we delve into the intricate world of auditing, focusing on a decade-long fraud case that highlights the importance of vigilance and skepticism in financial oversight. The conversation explores the various methods employed by fraudsters, the psychological aspects of fraud, and the eventual recovery of lost funds through diligent auditing practices. Through engaging storytelling, the episode emphasizes the critical role of auditors in maintaining financial integrity and accountability.
Chapters:
00:00 Introduction to the World of Auditing
02:04 Unveiling the Decade of Deceit
07:22 The Fraud Triangle: Incentive, Opportunity, and Rationalization
10:34 The Mechanics of Fraud: How It Was Done
17:48 The Aftermath: Consequences and Recovery
ABOUT ROBERT RUBEL
Robert F. Rubel Jr., MBA, CPA, CIA, CISA is a proficient audit and compliance leader with extensive experience in risk management, financial reporting, healthcare operations, auditing, and federal compliance. He designed and implemented new processes to build successful teams and drive leading practices in internal audit and compliance. Bob built relationships with executive team members and peers to share successful strategies and manage enterprise risks. He developed and implemented “Effectively Controlling Risks” a COSO based model to improve internal controls across the University of Texas System institutions.
Bob holds an MBA in Healthcare Administration with Honors from UT Dallas and a BBA in Accounting from UT Arlington. Bob serves as the Chief Internal Audit Officer at Dallas ISD since February 2021. Previously, he was the Audit Manager, City of Dallas, Audit Director at UT Southwestern Medical Center at Dallas and Assistant State Auditor at the Texas State Auditor’s Office.