Category Archives: Fraud Prevention

The Benefits of Bank Treasury Management Tools

This week’s article is by Arthur F. Rothberg, Managing Director, CFO Edge, LLC. The many benefits of bank treasury management tools are just as compelling as the benefits of accounting and other software programs that small and mid-sized businesses use. … Continue reading

Posted in AR & AP Management, Bank Treasury Management, Cash Flow, CFO Services, Fraud Prevention, Los Angeles, Purchase Cards or P-Cards, Risk Management | Tagged , , , , , , , , , , , , | Leave a comment

How to Manage T&E Expenses More Effectively

This week’s post and linked full article are by Howard Goldman, Partner, CFO Edge, LLC. While travel and entertainment expenses are important for many Los Angeles and Southern California, incorrect, missing, and abused expense reporting policies prompt business leaders to … Continue reading

Posted in CFO Services, Cost Cutting Strategies, Expense Reporting, Fraud Prevention, Los Angeles | Tagged , , , , , , , , , | Leave a comment

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

Posted in CFO Services, Embezzlement, Fraud Prevention, Internal Controls, Los Angeles | Tagged , , , , , , , , , | Leave a comment

Trust, But Verify Your Processes & Procedures

This week’s article is by William K. Thorpe, Partner, CFO Edge, LLC. Los Angeles and Southern California executives can benefit from financially and operationally applying a three-word phrase used by President Ronald Reagan in the 1980s: “Trust, but verify” your … Continue reading

Posted in Accounting & Finance Departments, CFO Services, Corporate Governance, Embezzlement, Financial Operations, Fraud Prevention, Los Angeles | Tagged , , , , , , , , , | Leave a comment

Why Enterprise Risk Management Is Critical for Small & Mid-Sized Firms

This week’s post is by John W. Braine, Partner, CFO Edge, LLC. To correctly balance financial and operational sides of their companies, it is important for Los Angeles and Southern California executive to understand why enterprise risk management is critical … Continue reading

Posted in CFO Services, Corporate Governance, Embezzlement, Enterprise Risk Management - ERM, Fraud Prevention, Los Angeles, Risk Management | Tagged , , , , , , , , | Leave a comment

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

Posted in CFO Services, Embezzlement, Fraud Prevention, Internal Controls, Los Angeles, Risk Management | Tagged , , , , , , , , , , , | Leave a comment

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

Posted in Embezzlement, Fraud Prevention, Internal Controls | Tagged , , , , , , , , , , , , , | Leave a comment

Managing Fraud, Interest Rate & Investment Risks

While the risks involved in running a business can’t be completely eliminated, there are steps business leaders can take to minimize and manage risks associated with fraud, interest rates and investments. For each of these three areas, this article… Managing … Continue reading

Posted in CFO Services, Embezzlement, Financial Strategy, Fraud Prevention, Risk Management | Tagged , , , , , , , , , , , , | Leave a comment

Risk Management: Focus on These Three Areas

Risk is involved in every aspect of life, but business leaders and entrepreneurs usually deal with a higher degree of risk than most people. Starting and managing a business is inherently risky, of course, and most business executives try to … 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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