My blog urging readers to look at a column by David Roodman and an article by Milford Bateman and his colleagues about the microfinance meltdown in Bosnia prompted strong exchanges between David and Milford.
Their debates caused me to consider seriously the application of accounting control fraud to microfinance. I began to draft a letter to David and Milford, but it morphed into a substantive piece that I believe may be of more general interest to readers and of particular importance to the microfinance literature. Here is the hybrid letter/article.
