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ate all the Oreos posted:Seems like a good audit could do a better job than just making them leave for a week and hoping their fill-in finds suspicious poo poo A good audit costs a a good amount of money. So they'd need some indication that something went wrong before they sign off on such an audit.
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Feb 8, 2017 19:41
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Audits follow a process, so perhaps it's easier to hide shenanigans from a defined process than a curious co-worker.
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Feb 8, 2017 19:47
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I work at a bank in Europe (in top 20 largest) and have to take two consecutive weeks of vacation every year. If I understood it correctly, the bank is insured for internal fraud somewhere and this insurer demands that we use this policy.
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Feb 8, 2017 19:50
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Also, in my experience, once a company has reason to suspect there is a serious issue (e.g. large embezzlement, anti-trust stuff), they call law firms instead of the regular accounting firms to audit that stuff.
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Feb 8, 2017 19:51
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https://www.reddit.com/r/personalfinance/comments/5suaet/girlfriend_and_her_family_owe_230k_in_student/Girlfriend and her family owe 230k in student loans, while she is only making minimum wage! posted:First off, sorry for the wall of text.
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Feb 8, 2017 19:59
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Spiffness posted:https://www.reddit.com/r/personalfinance/comments/5suaet/girlfriend_and_her_family_owe_230k_in_student/ "Her mother has indicated several times that she wants us to find a way in which we could have these loans signed over in our names, an idea which terrifies me." LOL. They can try to refi to the student, but it's dependent on the student having the income to do it, and no lender is going to do that with their paltry income. Then if they refi it, they'll lose the option for IBR and PSLF. Why the gently caress would you take out $200k in loans to be a loving park ranger?!?!
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Feb 8, 2017 20:09
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NancyPants posted:Why the gently caress would you take out $200k in loans to be a loving park ranger?!?! 
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Feb 8, 2017 20:22
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Spiffness posted:https://www.reddit.com/r/personalfinance/comments/5suaet/girlfriend_and_her_family_owe_230k_in_student/ Bad With Money - I remain hopeful but doubtful
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Feb 8, 2017 20:25
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melon cat posted:"Because student debt is good debt!" Eee. I don't know why they let borrowers take out so much as teenagers.
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Feb 8, 2017 20:32
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I hate to say it but unless that guy loves her an insane amount and she's bringing a lot to the relationship aside from money, he should move on and not be drowned by her mountain of debt and kill himself paying it off for her. Seen too many cases where someone stays with someone until their debt is paid off, and then they skate.
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Feb 8, 2017 20:37
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My kid is petrified of student loan debt. Apparently one of her teachers gave her class of 10th graders the scared straight treatment. Now my child is insisting on applying to the "alright, but not great" state school in town and living at home. That's not necessarily a good thing since she will have a free ride to any state school plus a college fund. I'm trying to convince her to aim a little higher at least.
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Feb 8, 2017 20:52
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NancyPants posted:Why the gently caress would you take out $200k in loans to be a loving park ranger?!?! Also why is the boyfriend retraining to pay off her loans while she continues to not be a park ranger?
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Feb 8, 2017 20:57
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Grumpwagon posted:I worked for BMO Harris Bank. It was a spelled out policy. It was 2011 or so though, so I don't have anything in writing anymore. I was in Global security group for ABN AMRO, back before it was gutted by RBS, BofA and Santander. It was absolutely a policy for Global group and all the Regionals. It was also a thing that all your network activity on the bank's networks were audited and reviewed while you were on the mandated PTO.
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Feb 8, 2017 21:08
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Since when has college prestige mattered in any way shape or form? Have you ever once asked your doctor or dentist which school they graduated?
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Feb 8, 2017 21:24
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rotaryfun posted:Since when has college prestige mattered in any way shape or form? Have you ever once asked your doctor or dentist which school they graduated? Yeah this is kind of a silly thing to say.
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Feb 8, 2017 21:26
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rotaryfun posted:Since when has college prestige mattered in any way shape or form? Have you ever once asked your doctor or dentist which school they graduated? Nice, great troll, this is bound to be a good couple pages
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Feb 8, 2017 21:27
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rotaryfun posted:Since when has college prestige mattered in any way shape or form? Have you ever once asked your doctor or dentist which school they graduated? University of Phoenix - GWM huh?
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Feb 8, 2017 21:27
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Krispy Kareem posted:My kid is petrified of student loan debt. Apparently one of her teachers gave her class of 10th graders the scared straight treatment. Well I have an answer to my question
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Feb 8, 2017 21:35
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For most careers, college prestige only matters at the extreme low end and extreme high end. You don't want to go to a terrible school like University of Phoenix, and there are about two dozen schools with national prestige that are worth paying a premium for, but there isn't much difference between the 10th and 90th percentiles.
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Feb 8, 2017 21:39
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NancyPants posted:Why the gently caress would you take out $200k in loans to be a loving park ranger?!?! She really, really likes trees. Really. rotaryfun posted:Since when has college prestige mattered in any way shape or form? Have you ever once asked your doctor or dentist which school they graduated? Never had to because the diploma is always very visibly displayed so you know exactly which weird Venezuelan medical program they graduated from
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Feb 8, 2017 21:39
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rotaryfun posted:Since when has college prestige mattered in any way shape or form? Have you ever once asked your doctor or dentist which school they graduated? lol: source, I'm on the medical school admissions committee.
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Feb 8, 2017 21:50
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rotaryfun posted:Since when has college prestige mattered in any way shape or form? Have you ever once asked your doctor or dentist which school they graduated? University of American Samoa. Go Land Crabs
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Feb 8, 2017 21:55
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rotaryfun posted:Since when has college prestige mattered in any way shape or form? Have you ever once asked your doctor or dentist which school they graduated? I went to MIT (Mubarak institute of technology).
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Feb 8, 2017 21:57
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rotaryfun posted:Since when has college prestige mattered in any way shape or form? Have you ever once asked your doctor or dentist which school they graduated? I agree, but I've never needed to ask- their diploma is on the wall. Every one of them has gone to a non-flagship-campus state school. A 10th grader is in an excellent position to be concerned about student loans. I was making the point to a coworker of mine whose kid is in college-selection mode that practically the only time a student has any control on education costs is by choosing Where To Apply. Once you're in you absolutely have to take out (tuition + fees + books + any living expenses you can't cover) - (scholarships + grants). That's the same equation everywhere, the only difference is how much tuition, what scholarships, and how much cost of living (rent +food) is in the town the college is in. You have zero control over almost all of those things after you enroll. The only way to take out less is to select a school you can go to for cheaper, get an awesome scholarship, live at home (or other cheaper scenario) or be magic and find a kickass job that both pays you really well and lets you have the time to work on school. Like, once you're enrolled and going full-time, you're not going to look at your current balance of loans you've taken out and be like "Well I'm going to drop out of school- I was willing to pay $42,000 total max and now I'm at 45k, better leave with a near-useless non-diploma and make all my student loans due." No, once you're in you pretty much sign anything in order to stay in school, cause you're going to be thinking your best bet is to finish, get the degree (which will help you get the best job possible), and be in optimum financial position. That that perfectly reasonable plan has ended up so so badly for so so many people is a problem with the system, not individual students just trying to get a degree like they were told to do.
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Feb 8, 2017 22:00
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flosofl posted:I was in Global security group for ABN AMRO, back before it was gutted by RBS, BofA and Santander. It was absolutely a policy for Global group and all the Regionals. It was also a thing that all your network activity on the bank's networks were audited and reviewed while you were on the mandated PTO. Pryor on Fire, since it seems everyone who has actually worked at a bank in this thread has this policy and has named their bank, perhaps you can name the bank(s) you worked for which did not have this policy, so we can withdraw our money and put it someplace safer.
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Feb 8, 2017 21:59
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Randler posted:Also, in my experience, once a company has reason to suspect there is a serious issue (e.g. large embezzlement, anti-trust stuff), they call law firms instead of the regular accounting firms to audit that stuff. The biggest risk of medium-to-high-level audits is that they might find something. Not only can that tank the stock, it can be grounds for a shareholder lawsuit. They only get done because those same bad things would happen 10x if someone else discovered the malfeasance first.
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Feb 8, 2017 21:59
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Doc Hawkins posted:The biggest risk of medium-to-high-level audits is that they might find something. Not only can that tank the stock, it can be grounds for a shareholder lawsuit. They only get done because those same bad things would happen 10x if someone else discovered the malfeasance first. I've seen work done on internal fraud control that's non-material but still gets done because the finance team's job is to manage costs and fraud controls are a good way to do that.
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Feb 8, 2017 22:04
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I'm really not trolling. It's just weird to me that a lot of people want to go to really expensive schools that they can't afford when college prestige really isn't a thing for most people/jobs.
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Feb 8, 2017 22:36
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I'm an attorney and I get asked by clients about which law school I attended about once a month. The fact that it is a relatively prestigious law school helps convince people that I know what I am doing, despite the fact that I am a young woman in an office of old men.
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Feb 8, 2017 22:36
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Uncle Enzo posted:Like, once you're enrolled and going full-time, you're not going to look at your current balance of loans you've taken out and be like "Well I'm going to drop out of school- I was willing to pay $42,000 total max and now I'm at 45k, better leave with a near-useless non-diploma and make all my student loans due." No, once you're in you pretty much sign anything in order to stay in school, cause you're going to be thinking your best bet is to finish, get the degree (which will help you get the best job possible), and be in optimum financial position. That that perfectly reasonable plan has ended up so so badly for so so many people is a problem with the system, not individual students just trying to get a degree like they were told to do. I dropped out of expensive out of state private school for not-money reasons involving drug addiction but still wound up with a good job in my field and my student loan burden at the end of it was like 1/10th what it would have been if I had finished so I really don't care that I did  Serious life-ruining drug addiction: GWM somehowI do kinda wanna go back to like, community college and just finish up, or maybe take classes I'm interested in but that won't get me a job since I don't really need them to do that anymore...
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Feb 8, 2017 22:40
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Staryberry posted:I'm an attorney and I get asked by clients about which law school I attended about once a month. The fact that it is a relatively prestigious law school helps convince people that I know what I am doing, despite the fact that I am a young woman in an office of old men. Do the men get asked that question too because if not lol
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Feb 8, 2017 22:40
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ate all the Oreos posted:Do the men get asked that question too because if not lol Old people tend to not get asked where they went to college because it doesn't matter much anymore, what matters is experience by that point. This goes for any job, in tech people may care whether you went to MIT/Waterloo/etc. if you are 21 but if you are 35 it's whether you worked at Google/some other respectable tech company vs. being the IT guy at the donut shop. I know where the young lawyer I used for some stuff went to school, it's a good local law school. I also happen to know where a doctor I go to went to school because his diploma is on the wall, it's something like North Dakota State but it doesn't matter because he gets top doctor ratings since he's been doing his job forever, think Doc Cottle from Battlestar Galactica without the smoking.
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Feb 8, 2017 22:46
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ate all the Oreos posted:I dropped out of expensive out of state private school for not-money reasons involving drug addiction but still wound up with a good job in my field and my student loan burden at the end of it was like 1/10th what it would have been if I had finished so I really don't care that I did Yeah people drop out of school all the time but I've never once heard of someone saying "I dropped out because my student loans exceeded my predetermined amount I was willing to take out". I've heard "these are way too high relative to the education I'm getting", but that's a really different thing I think. If a person thinks they're in a good program and that they're learning something worthwhile, they'll sign whatever they need to stay in school.
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Feb 8, 2017 22:56
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"This is how insurance works, right? Wait, what's an open enrollment?"https://www.reddit.com/r/personalfinance/comments/5ssh21/if_obamacare_covers_preexisting_conditions_should/ posted:This is more theoretical than anything. quote:But what are my odds? If they are less than 1 in 12.5 I'd be better off saving for such a rainy day. quote:We will buy insurance the moment something bad happens. The hospital bills would only cost a few thousand until that kicks in.
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Feb 8, 2017 23:04
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quote:We will buy insurance the moment something bad happens. Well hot drat why didn't I think of that
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Feb 8, 2017 23:06
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Haifisch posted:Reddit says: My curiosity is- if I get cancer, could I simply sign up for insurance after the fact? I knew someone who suspected they had cancer and did just that. GWM, technically.
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Feb 8, 2017 23:11
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monster on a stick posted:Old people tend to not get asked where they went to college because it doesn't matter much anymore, what matters is experience by that point. This goes for any job, in tech people may care whether you went to MIT/Waterloo/etc. if you are 21 but if you are 35 it's whether you worked at Google/some other respectable tech company vs. being the IT guy at the donut shop. Yeah, it matters a great deal for getting your first job, but for every job after that the bigger factor is what your last job was. Helps to go to a good school so you can get the Google-tier first job rather than donut shop tier job. So it continues to matter in an indirect way.
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Feb 8, 2017 23:14
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Haifisch posted:"This is how insurance works, right? Wait, what's an open enrollment?" this_is_why_the_individual_mandate_exists.txt
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Feb 8, 2017 23:16
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Nail Rat posted:Well hot drat why didn't I think of that My plan is to go to heaven. 
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Feb 8, 2017 23:34
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My buddy did that. He had this nagging cold so he signed up for health insurance for january, intending to go to the doctors and then stop paying the premium. Turns out his platelet count is through the roof and yup, he has cancer. It seems to be responding well to the treatment though which is good news 
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