The CFO'S Perspective

Todd Kimball

Todd Kimball

Todd Kimball is a senior accounting professional with over 15 years of expertise in the nonprofit and government sectors. He has a proven track record at tackling the most challenging nonprofit accounting issues and finding solutions that work and move organizations forward. He excels at creating process efficiencies, motivating and utilizing staff to their full potential, implementing internal controls, and providing sound technical expertise. Todd focuses on the big picture but doesn’t hesitate to dive into the details.

Recent Posts by Todd Kimball:

This is Us – Todd Kimball and the Impossible House Remodel

After purchasing three homes in Portland in the past 15 years, I have come to a firm conclusion that houses choose us!  Not in some mysterious way or anything, but rather, just practically speaking.  As a home buyer, we don’t exactly drive around and pick a house off the street that meets our specifications and strike a deal.  Often, buyers must submit offers on several houses before a match is found.

Topics: This is Us

Attention Owners, CFOs & Controllers: Is Your Trusted Bookkeeper Stealing?

There are professions that most people would consider trustworthy. Doctors & nurses, firefighters, and teachers all come to mind.  How about accountants?  Do you trust your bookkeeper?  The reasonable answer here is: Yes!  Trust is often built over time, through relationships and evidenced by past and ongoing performance.  The reality is, if you didn’t trust your employees, they probably wouldn’t still be working for you.

Topics: Leadership Fraud Security

Employee Fraud Factor #3: Rationalization

This is Part 3 of a series on the causes of a perfect employee fraud scenario.  Read “Employee Fraud Factor #1: Pressure” here, and “Employee Fraud Factor #2: Opportunity” Part 2 here.

In case you missed Part 1 & 2, there was once a really smart guy, Donald Cressey, who created a theory that said: “If three factors were met, any ordinary, trusted person could bring themselves to commit fraud.”

Topics: Leadership Fraud Security

Employee Fraud Factor #2: Opportunity

This is part 2 of a series on the causes of a perfect fraud scenario.  Read “Employee Fraud Factor #1: Pressure” here.

In case you missed Part 1, there was once a really smart guy, Donald Cressey, who created a theory that said: “If three factors were met, any ordinary, trusted person could bring themselves to commit fraud.”

In other words, given the right situation (or perhaps wrong situation), anybody could commit fraud.  Not just criminals, not simply “unethical” people, and certainly not just somebody ELSE’s accounting staff.

The three factors include:

>  Pressure
>  Opportunity
>  Rationalization

In Part 1 we talked about the first factor, Pressure, and how a person with an apparently SECRET financial problem might feel no other option than to steal company money.  They are on the prowl for just the right opportunity!

Topics: Leadership Fraud Security

Employee Fraud Factor #1: Pressure

Consider which of these you believe to be true:

  • Your bookkeeper is honest and would never steal from you  -> FALSE
  • All the people you’ve hired are ethical people  -> FALSE
  • A person is either ethical or not ethical, period   -> FALSE
  • People who commit fraud are long-time criminals, waiting to pounce  -> FALSE
Topics: Leadership Fraud Security