Category Archives: Internal Controls

The Benefits of Creating Effective Policies & Procedures

This week’s post and linked full PDF are by John W. Braine, Partner, CFO Edge, LLC. Sometimes overlooked by executives leading smaller firms are the importance and many benefits of creating effective policies and procedures (P&Ps). While they are often … Continue reading

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Internal Controls: Essential Periodic Testing & Maintenance

This week’s post and linked full article are by Sherry Rahbar, Partner, CFO Edge, LLC. With recent reports that three out of every four companies experience fraud of some type, it is essential that Los Angeles and Southern California executives submit … Continue reading

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Preventing Fraud: 12 Recommendations for People, Processes & Technology

This week’s post and full article are by Michael K. Menerey, Partner, CFO Edge, LLC. Many Los Angeles and Southern California executives may believe fraud and embezzlement are not likely to happen in their companies because they have trustworthy employees. The … Continue reading

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Prevent & Detect Fraud Before It’s Too Late

This post and linked full article are by Howard Goldman, Partner, CFO Edge, LLC. While many Los Angeles and Southern California executives believe that embezzlement and fraud would never happen in their companies, both can occur in any business. Employees … Continue reading

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The Role of Internal Controls in Fraud Prevention

In our last article, we talked about how in a sluggish economy like the one we’re now facing, companies may be at an increased risk for internal fraud and embezzlement. When times are tough, it’s easier for some employees to … Continue reading

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How to Guard Against Fraud and Embezzlement

A sluggish economy like the one we’re now facing has many potential repercussions for businesses: slower sales, less revenue and lower profits, to name just a few. Another one that doesn’t always occur to CEOs and CFOs is a higher … Continue reading

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Protect Your Company Through Internal Controls

The most important tool in the effort to improve efficiency, prevent fraud, and protect company reputation is an appropriately structured accounting department. In particular, a system of internal control, also known as operational control, is imperative to the prevention of … Continue reading

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