Tag Archives: internal controls

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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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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Ensuring Orderly Period-End Closing Procedures

For the purposes of maintaining control over internal accounts and safeguarding long-term accounting consistency, it is integral to create efficient period-end closing procedures. Though these systems can be complex, a well-planned set of internal controls can make the period-end close … 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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