Tag: internal controls
Fraud controls may be lacking at smaller organizations
Organizations with fewer than 100 employees significantly trail their larger counterparts in the implementation of formal antifraud controls, according to a worldwide survey by the Association of Certified Fraud Examiners (ACFE). The industries most commonly victimized by fraud are banking...
Are your internal controls sufficient?
According to a recent article in the Detroit News, a 52-year-old woman reportedly embezzled more than $1,000,000 over a six-year period from the Bloomfield Township staffing firm she worked for. At ShindelRock, we offer an internal controls analysis service, where we look at your business' internal controls...
Why startups and smaller organizations need internal control
Because smaller organizations are often hit hardest by fraud, it's critical that they develop adequate anti-fraud controls at their organizations. A recent blog from AICPA highlighted four critical reasons why start-ups and smaller organizations need adequate and effective system of internal control....
Why your CPA cares about your passwords, and why they might affect your business
As accountants we are always looking for internal controls to protect assets, whether they are personal or company. Passwords--good ones--are a first line of defense against someone (an employee or external threat) hacking into your business' most important data troves....