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Choiceology with Katy Milkman

(BONUS) From What It's Like to Be … a Forensic Accountant

Choiceology with Katy Milkman

Charles Schwab

Behavioral Economics, Society & Culture, Social Sciences, Decision Making, Charles Schwab, Business, Science, Investing, Dan Heath, Katy Milkman

4.81.4K Ratings

🗓️ 18 December 2023

⏱️ 29 minutes

🧾️ Download transcript

Summary

In this episode of "What It's Like to Be …," former Choiceology host Dan Heath interviews Chris Ekimoff, a forensic accountant.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, Katie here. Long-time

0:03.0

Troisology listeners will know that in season one, my friend and

0:07.0

best-selling author Dan Heath was the host of the show. Well, I'm thrilled to

0:11.1

share with you a sample episode of a new podcast that Dan has been working on.

0:15.3

It's called what it's like to be and it's all about what people do in their jobs

0:20.6

What makes a couple therapist cringe?

0:23.0

What are the clues that help a forensic accountant suss out fraud?

0:27.0

What can get a stadium beer vendor fired?

0:30.0

In each episode, Dan interviews someone from a different profession and gives listeners a chance to walk in their shoes.

0:36.0

We'll be back with new episodes of Choiceology in 2024,

0:40.0

but in the meantime, we hope you enjoy what it's like to be a forensic accountant.

0:47.0

Chris Ekemoff is a forensic accountant.

0:50.0

And at one point, his firm got a call from the CEO of a company that was a client. The

0:54.9

CEO had discovered something about the chief financial officer. It wasn't good.

1:00.0

It appears that he has been taking money from the business inappropriately and I'd like to understand how much and how it happened.

1:08.0

The company had been looking at its payroll numbers and they noticed a discrepancy.

1:12.0

The budget for employee salaries and benefits was

1:15.2

three million dollars. And the actual spend that year was four and a half million

1:19.3

dollars. That's a 50% increase over budget which you don't have to be accountant to know.

1:24.0

That's massive.

1:25.0

And so the CFO, one questioned about it by the CEO, didn't make up a story.

1:30.0

He said, you know, I've been stealing from the company for three years.

...

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