FraudJournal Blog

February 6, 2010

Scannable Signatures New In QuickBooks Pro 2010

Filed under: Fraud Alerts — fraudjournal @ 2:08 AM
Tags: , ,

Today’s post is to alert everyone to a potential fraud risk created by the newest version of accounting software by INTUIT. QuickBooks Pro 2010 now has a feature to digitally scan signatures. “Let’s print checks!”

Each year, Forensic Accountants, Fraud Examiners and Law Enforcement find out the hard way about all those new bells and whistles the accounting and tax software companies offer. This year, it’s INTUIT’s new 2010 version of their well-known and well used QuickBooks accounting software. Most of the changes they  make are to allow customers to keep up with the trends and compliance requirements for tax and financial reporting. However, sometimes the changes are the result of customer complaints and wish-lists. Digital signatures are now part of the real estate and legal community. And so INTUIT has complied with the trends and wishes of customers. And just so you know, it is not the function that is the fraud risk, it is that it came without any security features.

My point? If you have purchased or are considering upgrading to the new 2010 version of QuickBooks software, please be forewarned that you will need to update your company policy to authorize who uses this feature, and the consequences for misconduct or fraud.

Oh…and help out the fraud community, PLEASE. When you have a moment; write and/or call INTUIT to ask that the signature feature contain some sort of security feature. I am sure they would love to hear from you!

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1 Comment »

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    Comment by business articles — July 17, 2013 @ 5:18 AM | Reply


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