Category Archives: Audit & Attestation

Prevent Internal Accounting Fraud: Divide These 3 Responsibilities

Audit & Attestation, Business HelpBy Stephanie Chapa June 30, 2023

If you are looking to take a few extra steps in order to prevent internal accounting fraud, then you may want to try dividing up tasks. First of all, accounting fraud can happen to anyone–even business owners who are smart, actively involved, and meticulous. Therefore, if it can happen to them, it can definitely happen…

Segregation of Duties For Your One-Person Accounting Department

Audit & Attestation, Business Help, QuickBooksBy Stephanie Chapa February 10, 2023

Small and medium-sized businesses are prone to internal accounting fraud for a number of reasons. In most cases, the reason these companies are at risk is that they have a one-person accounting department. Often times, these types of businesses lack the budget or simply don’t have enough work to necessitate hiring more accounting staff. The…