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External auditor flags $200,000 credit‑card fraud in Knox County Schools internal funds; schools say funds recovered
Summary
Pugh CPAs reported two new findings in the Knox County Schools internal school funds audit: an external fraud incident involving unauthorized credit-card charges (about $200,000, discovered March 2024) and issues with supplemental salary payments; district officials say funds were recovered and the matter was referred to the comptroller and law enforcement.
An external audit of Knox County Schools’ internal school funds flagged two new findings — an external credit‑card fraud incident that generated roughly $200,000 in unauthorized charges and issues with supplemental salary payments — the county Audit Committee heard Jan. 29, 2025.
Ted, audit partner with Pugh CPAs, told the committee the schools’ internal school funds audit covers activity at about 90 schools and noted the auditors identified 12 findings this year. "External fraud incident involving credit card theft," the auditor said in his summary, adding that the district eventually recovered the…
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