How Non-Profits Can Prevent Fraud During the Busy Holiday Season
Non-profits typically receive most of their donations during the holidays and at year end. It is critical for these organizations to be on the lookout for fraud throughout the year
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Tag: Internal Controls
Spotting & Preventing Cash Register Theft
Many retail businesses implement careful controls over the use of their cash registers. For this reason, register-disbursement schemes are among the least costly types of cash frauds. Without such controls,
Assessing the Effectiveness of Internal Controls
Strong internal controls can help prevent and detect fraud. That is why Section 404(a) of the Sarbanes-Oxley Act (SOX) requires a public company’s management to annually assess the effectiveness of
Are Your Managers Overriding Fraud Controls?
Your company may have strong fraud prevention controls in place, but they do little good if a senior manager overrides those controls. In the worst cases, managers may alter records,
How Walkthroughs Help Companies Prevent Fraud
You have internal controls to fraud-proof your company’s checks. Every check requires two signatures, and one of them must be yours. Sure, you have a signature stamp to make the