On 12/28/2020 7:01 PM, Edward Bainton wrote:
Can anyone give a view on whether Gnucash is suitable for a very small
credit union?
How would easily can fraud be detected?
If not easily, could it be paired with, say, some kind of blockchain backup
system so as to make fraud detectable?
Thanks,
Edward
Fraud detection is a matter of more than one trusted person in control
of the books. When you say "blockchain backup" you are addressing a
different problem, whether alteration is possible. Note that there are
other ways of preventing alteration. For example read only copies being
given into the custody of other officers of the credit union.
What you should perhaps do is imagine that it was 100 years ago and the
books were kept the old fashioned way, pen and ink on paper. What are
the fraud risks and what measures would be needed to prevent or detect
fraud? Detect is really the key as you can't prevent fraud, only deter
it because it would be detected. AUDITING is necessary (do the books
reflect the real world -- spot checking that "the paper" matches what
has been entered.
Understand? Preventing alteration does not prevent fraud. The fraud
might be because something was NOT entered.
Michael D Novack
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