Case Study: Tate & Tryon detects $150,000+ embezzlement and stops fraud with CaseWare Analytics' IDEA

Cpa Firm Uses Caseware Idea To Uncover A Significant Fraud Saving Them Tens Of Thousands

Tate & Tryon, a CPA firm focused on non-profits, uncovered suspicious activity during a routine accounts payable review by using CaseWare Analytics’ IDEA Data Analysis software. Analytic tests — including matching vendor business addresses to employee home addresses and totaling employee reimbursements — flagged one employee with more than 25 reimbursements (~$18,000) and a vendor address match, prompting further investigation.

Using CaseWare Analytics’ IDEA to reveal anomalies, Tate & Tryon performed interviews, document reviews and searches that exposed multiple frauds (personal rent paid through vendor records, 120+ false reimbursements, and personal car repairs billed to the client). The investigation proved over $150,000 was embezzled, resulting in the employee’s termination and a guilty plea, demonstrating the measurable impact of CaseWare Analytics’ analytic tooling.

Tate and Tryon